BP’s downstream boss Erginbilgic to step down next month


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BP’s downstream boss Erginbilgic to step down next month

On Friday, the 7th of February 2020, the British multinational oil and gas company, BP, headquartered in London, often abbreviated as one of the seven oil and gas “Supermajors” across the globe, had issued a statement saying its downstream boss Tufan Erginbilgic would be resigning next month after six long years in the energy behemoth, remarking the latest in a string of departures the energy industry were witnessing over the recent past.

In point of fact, the announcement of Tufan Erginbilgic’s departure came forth a couple of days after BP’s upstream Chief Executive Looney had succeeded Bob Dudley as the Group Chief Executive. However, BP’s downstream boss Tufan Erginbilgic, who would be departing the British energy supermajor on March 2020, had served nearly two decades in BP and supervised the expansion of the group’s downstream business in a swathe of segments ranging from retail and petrochemical, refining alongside petrochemical, while he had also been witnessing the evolution of petrochemical industry in the emerging economies such as India and Mexico since 1997.

Meanwhile, referring to Tufan’s histrionic role in the core of BP’s downstream growth, BP’s newly appointed Group Chief Executive, Looney said in a statement on Friday (February 7th), “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. ”