The chief executive of BP’s downstream segment, Tufan Erginbilgic, has decided to part ways with the major oil company, according to an announcement from BP. His decision will take effect from the end of next month, with a successor to be announced in due course.
Erginbilgic originally trained as an engineer and first worked for Mobil in 1990 before moving to BP several years later. He has worked in diverse jobs related to marketing and refining throughout Europe, including in the United Kingdom, before heading up BP’s fuels business in Europe.
In 2006, he took the helm at BP’s global lubricant business, including industrial and food safe lubricants under the Castrol brand. He then became responsible for the eastern hemisphere lubricant businesses and fuels value chains as chief operating officer before progressing to assume responsibility for all BP’s marketing activities, fuels and refining as chief operating officer for the company’s global fuel business.
Since 2014, Erginbilgic has been the chief executive for BP’s downstream business, including BP’s production and trade in lubricants, fuels and petrochemicals throughout the world. During his tenure, the segment has benefited from underlying annual earnings growth in excess of $5bn (£3.85bn), and it has entered into new rapidly growing markets.
BP’s chief executive officer, Bernard Looney, said about Erginbilgic time as head of BP downstream:
“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.”