DCC Plc (LON:DCC) has announced changes to the DCC Leadership Team to align our management structure with our strategy.
Kevin Lucey, who has been the Chief Financial Officer (CFO) and an executive Director since 2020, will become Chief Operating Officer (COO) with effect from the conclusion of our AGM on 10 July. In this newly created role Kevin will continue to partner with Chief Executive, Donal Murphy, in the overall management of the Group, will be responsible for driving the performance of our energy activities in line with our Cleaner Energy in Your Power strategy and will lead our regional management teams. Kevin will continue to be a member of the Board.
Conor Murphy will succeed Kevin as CFO and will be appointed as an executive Director, again from the conclusion of our AGM on 10 July. Conor joined DCC in 1998. He has held many senior leadership roles, both within our energy business and at Group level, including Director of Group Finance. He is currently the CFO of DCC Energy. Conor qualified as a Chartered Accountant with KPMG in Dublin.
Fabian Ziegler, CEO of DCC Energy, will leave DCC in July 2025. Since joining DCC in 2022, Fabian has made a considerable contribution to the development of our Cleaner Energy in Your Power strategy and the growth of our energy services business.
Commenting on the management changes, Donal Murphy, Chief Executive, said today:
“We announced decisive actions in November to simplify our Group, pursue our largest growth and returns opportunity in energy and unlock substantial shareholder value. In the energy sector we are building a unique, multi-energy, sustainable business. Our new Leadership Team has extensive experience in the energy sector and the commercial agility and drive to build DCC into a global energy leader. We will also drive the growth and development of the Healthcare and Technology divisions while they remain part of the Group.
I would like to thank Fabian for his significant contribution to our business during his tenure as CEO of DCC Energy and wish him every success in the future.”
Commenting on the Board changes, Mark Breuer, Chair, said today:
“I want to acknowledge Kevin’s successful track record in the financial leadership of DCC over the past five years. Kevin will now bring his extensive leadership skills to drive the performance of our energy business and to deliver on our Cleaner Energy in Your Power strategy. We have engaged in a comprehensive process over time to identify Kevin’s successor, with the support of international executive search firms. Following that process, the Board was very pleased to unanimously approve the appointment of Conor Murphy as CFO. I look forward to welcoming Conor to the Board.”
