BP’s Downstream Chief Executive to leave

Tufan Erginbilgic has been BP’s Downstream Chief Executive and a member of its executive team since 2014. In his time leading the segment – which includes BP’s global fuels, lubricants and petrochemicals businesses – it has delivered over US$5 billion in underlying annual earnings growth and expanded in fast-growing markets, retail partnerships, electric vehicle charging and use of bioproducts.

Bernard Looney, BP Chief Executive, said: “Under Tufan’s leadership, BP’s Downstream has been at the heart of our return to growth; what he has achieved in this time is extraordinary. He has transformed the business, leading a team that has delivered impressive results time and again. I have always appreciated his strategic thinking, expertise and understanding of the business and will miss having him on the team.”

Tufan Erginbilgic said: “I am very proud of what we have achieved together in the Downstream. We have gone through an incredible transformation, delivered against our clear strategy and built a strong platform for continued growth. I truly feel privileged to have led this business – we have talented, dedicated people with great capability throughout the organisation and I am confident they have what it will take to compete and lead through the energy transition.”

Erginbilgic’s successor will be announced separately.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/10022020/bps-downstream-chief-executive-to-leave/