BP has announced that the Chief Executive of its Downstream segment, Tufan Erginbilgic, has decided to leave the company at the end of March 2020.
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/