DCC’s financial officer to retireafter 31 years
FERGAL O’Dwyer is to retire as chief financial officer of international sales, marketing and support services group DCC after 31 years.
He will be succeeded by Kevin Lucey, head of capital markets at the company, following its AGM in July.
John Moloney, chairman of DCC, said Mr O’Dwyer’s “exceptional commitment and dedication over many years have contributed greatly to the successful growth and development of DCC”.
His successor, Mr Lucey, joined DCC in 2010. He has been head of capital markets since 2017 and was previously the head of group finance, and finance and development director of DCC Technology.
Prior to joining DCC, Mr Lucey was CFO and a director of a leading Irish private equity firm.
He qualified as a chartered accountant with KPMG in Dublin.
Elsewhere, Tufan Erginbilgic has joined the board of DCC as a non-executive director.
He has been BP’s downstream chief executive, and a member of its executive team, since 2014, with responsibility for the firm’s global fuels, lubricants and petrochemicals businesses.
He plans to leave his BP position at the end of next month.
In a trading update earlier this month, DCC said it expected to report operating profit “in line with expectations” in respect of its third quarter.
This is despite a “difficult macroeconomic environment, particularly in the UK”.
DCC in May will release its final results for the year ending March 31.
Head of capital markets Kevin Lucey will take on the role