logo-loader
viewBP PLC

BP downstream chief steps down as management merry-go-around continues

Tufan Erginbilgic is the latest BP executive departing amid a broader management reorganisation.

BP PLC - BP downstream chief steps down as management merry-go-around continues

BP PLC’s (LON:BP) executive merry-go-round continues with the departure of its head of downstream division, Tufan Erginbilgic, who will leave the group next month.

It is the latest major change in BP’s senior management.

Earlier this week Bernard Looney took the helm at BP, promoted from upstream head to succeed Bob Dudley.

Chief financial officer Brian Gilvary is also departing to be replaced by Murray Auchincloss, previously the upstream division’s finance director.

In a statement on Friday, Looney 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.”

Erginbilgic added: “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.”

Quick facts: BP PLC

Price: 235.85 GBX

LSE:BP.
Market: LSE
Market Cap: £47.78 billion
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Zinc8 Energy Solutions wins major company changing award from New York Dept...

Zinc8 Energy Solutions (CSE: ZAIR-OTC PINK: MGXRF) CEO Ron MacDonald joined Steve Darling from Proactive Vancouver with news the company has been named as the winner of a contest put on by the powerful and large New York Department of Buildings.  MacDonald explains what this means for...

1 day, 19 hours ago

2 min read