BP Downstream Chief to Move On



BP Downstream Chief to Move On
Tufan Erginbilgic, the chief executive of BP plc's Downstream segment since 2014, has decided to leave the company at the end of next month.

Tufan Erginbilgic, the chief executive of BP plc’s Downstream segment since 2014, has decided to leave  the company at the end of next month, BP reported Friday.

“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,” BP Chief Executive Bernard Looney, who took on his new role this week, commented in a written statement. “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.”

As the head of BP’s Downstream segment, Erginbilgic has overseen the firm’s global fuels, lubricants and petrochemicals businesses. An engineer, Erginbilgic has held various refining and marketing roles in Turkey, Europe and the U.K. since joining BP in 1997, BP stated. He previously worked for Mobil.

“I am very proud of what we have achieved together in the Downstream,” remarked Erginbilgic. “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 organization and I am confident they have what it will take to compete and lead through the energy transition.”

BP stated that it will reveal Erginbilgic’s successor separately.

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