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Tufan Erginbilgic will be the new CEO of Rolls-Royce

British engineering giant Rolls-Royce has announced the appointment of Tufan Erginbilgic as CEO. According to the release, Erginbilgic will take over the position from current CEO Warren East effective January 1, 2023.

A Turk takes over the management of British engineering giant Rolls Royce.

Tufan Erginbilgic, who held senior positions at BP for many years, became the CEO of another British giant, Rolls-Royce.

It was learned that Erginbilgic will start his new job on January 1, 2023.

Additionally, Erginbilgic will replace the company’s former CEO, Warren East, who announced he would step down in February.

Tufan Erginbilgic, who also has an engineering background, had a career with BP spanning over 20 years.

Has turned a new page after 20 years at BP

Erginbilgiç managed BP’s business subunits, including refining and petrochemical operations.

Additionally, Erginbilgic, a partner of Global Infrastructure Partners (GIP), has served as an independent board member of heavy industry and manufacturing companies, including aerospace technology group GKN.

In contrast, after the divestiture decision, a statement came from Anita Frew, chairwoman of the Rolls-Royce board of directors.

“I am pleased to announce my appointment as CEO”

Frew said he was happy Erginbilgic was named CEO. “I am pleased to announce the appointment of Tufan Erginbilgic as CEO. Tufan Erginbilgic has distinguished himself as a leader of winning teams in multinational companies thanks to his ability to create a culture of high performance. He has extensive strategic and operational experience, a solid understanding of security-critical industries, including aerospace, and the business challenges and opportunities presented by the transition to low-carbon technologies. I look forward to building on the strategic foundations that Rolls-Royce has laid in recent years.” used his statements.

“I look forward to working with customers, partners and the Rolls-Royce team”

Tufan Erginbilgic issued the following statement regarding the decision:

“I am honored to join Rolls-Royce at a time of significant business opportunity and strategic evolution as customers embrace the energy transition. Through engineering excellence and innovative technology, I am determined to to deliver the full potential of the market positions the company has established over many years and to build an infrastructure for growth to create value for all shareholders. I look forward to working with customers, partners and the Rolls-Royce team around the world on the next successful chapter of this iconic global engineering brand.

Who is Tufan Erginbilgic?

Tufan Erginbilgic graduated from Istanbul Technical University, Department of Management Engineering in 1982. Subsequently, he completed his MBA program at Boğaziçi University in 1986 and his Masters in Economics at Ohio State University in 1989, respectively.

After serving as President of Retail Operations for BP Europe, he held senior positions in various business areas of BP, including Global Head of the Lubricants Division, where he quadrupled its profits and became the industry leader. . Appointed executive vice president of global operations in 2009, Erginbilgic served as managing director (CEO) of BP’s Downstream business, which includes the global fuels, lubricants and petrochemicals businesses between 2014 and 2020.

He continues his work based in London.

He served on the board of GKN plc as a non-executive member between 2011 and 2018. Tufan Erginbilgic, who joined Global Infrastructure Partners (GIP) in 2020 as a partner, continues his sector-focused work energy and global operations based in London.

Tufan Erginbilgic is a member of the board of directors of DCC plc, a member of the FTSE 100, and CNH Industrial, listed on the New York Stock Exchange. Tufan Erginbilgic has been on the University of Surrey Strategic Advisory Board since May 2017. Tufan Erginbilgiç has been an independent member of the Tüpraş Board since March 31, 2021.

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