DCC PLC Chief Financial Officer Succession (8784D)
24 February 2020 - 7:34PM
UK Regulatory
TIDMDCC
RNS Number : 8784D
DCC PLC
24 February 2020
24 February 2020
Chief Financial Officer succession announced
DCC plc, the leading international sales, marketing and support
services group, announces that Fergal O'Dwyer, who has been Chief
Financial Officer since 1994, has decided to retire from the Group
after 31 years of service. He will stand down from his executive
position and from the Board following the conclusion of DCC's
Annual General Meeting on 17 July 2020.
Fergal will be succeeded as Chief Financial Officer by Kevin
Lucey, Head of Capital Markets, who will be appointed to the Board
of DCC as an Executive Director, following the conclusion of the
Annual General Meeting.
Kevin joined DCC in 2010. He has been Head of Capital Markets
since 2017 and was previously the Head of Group Finance (2015 to
2017) and Finance & Development Director of DCC Technology
(2010 to 2015).
Prior to joining DCC, Kevin was Chief Financial Officer and a
Director of a leading Irish private equity firm. He qualified as a
Chartered Accountant with KPMG, Dublin.
John Moloney, Chairman of DCC plc, said today:
"I want to acknowledge Fergal's successful track record in the
financial leadership of the Group. His exceptional commitment and
dedication over many years has contributed greatly to the
successful growth and development of DCC.
The Group has engaged in a comprehensive process over time to
identify Fergal's successor. This has been led by Chief Executive,
Donal Murphy, with detailed oversight by the Nomination and
Governance Committee and external input from an international
executive search firm.
Following the process, the Nomination and Governance Committee
unanimously supported the appointment of Kevin Lucey as Chief
Financial Officer and recommended his appointment to the Board.
I look forward to welcoming Kevin to the Board and to the
position of Chief Financial Officer."
There are no details to be disclosed under Listing Rule 9.6.13
(1) to (6) of the Listing Rules of the Financial Conduct Authority
in respect of Mr. Lucey. Details of Mr. Lucey's remuneration as
Chief Financial Officer, which are fully in line with DCC's
Remuneration Policy, will be disclosed in the 2020 Annual
Report.
For reference:
Donal Murphy, Chief Executive
Fergal O'Dwyer, Chief Financial Officer
Telephone: +353 1 2799400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
Powerscourt (Media)
Lisa Kavanagh / Victoria Palmer-Moore
Telephone: +44 20 7250 1446
Email: DCC@powerscourt-group.com
Wilson Hartnell (Irish Media)
Brian Bell
Telephone: +353 1 669 0030
About DCC plc
DCC is a leading international sales, marketing and support
services group with a clear focus on performance and growth. It
operates through four divisions: LPG, Retail & Oil, Technology
and Healthcare. DCC plc is listed on the London Stock Exchange and
is a constituent of the FTSE 100. In its financial year ended 31
March 2019, DCC generated revenue of GBP15.2 billion and operating
profit of GBP460 million.
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END
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