Appointment of Chief Executive Officer, DCC Energy
30 June 2022
Appointment of Chief Executive Officer, DCC Energy
DCC plc, the leading international sales, marketing, and support services group, announces the appointment of Dr. Fabian Ziegler as Chief Executive Officer of DCC Energy. Fabian will commence the role on 1 November 2022.
Fabian has extensive senior leadership experience in the energy sector having held various senior management roles in Shell plc during his 26-year career. He is currently Country Chair of Shell Germany and Chair of the Management Board with responsibility for Shell's businesses (upstream, downstream, power and renewables) in the DACH region. In his current role Fabian is at the forefront of energy transition having developed and driven Shell's net zero emissions plans for the region. Prior to his current role, Fabian was the Chief Procurement Officer for the Shell Group. He has also led major global transformation programmes and has held various general management roles in fuels, lubricants and LPG.
The breadth of Fabian's leadership experience in the energy sector, coupled with his ambition to drive the energy transition, will enable DCC to accelerate its Leading with Energy strategy.
As previously announced, Eddie O'Brien will lead DCC Energy until Fabian's arrival and will then transition to his new role as Chief Strategy & Sustainability Officer for DCC plc.
DCC announced its new Leading with Energy strategy at its capital markets event on 17 May 2022. DCC Energy's strategy is to accelerate the net zero journey of our customers by leading the sales, marketing, and distribution of low carbon energy solutions. The capital markets event outlined the growth opportunities available to DCC Energy through energy transition and how DCC Energy's multi-energy product and service offerings are enabling customers to lower their carbon footprint. For further information and a recording of the event, please see here.
Commenting on the appointment, Donal Murphy, Chief Executive, said:
"We conducted an extensive global search to find the best candidate to lead DCC Energy as it embarks on its next phase of growth and development. Fabian is an excellent addition to our senior management team in DCC. His track record of success, his extensive experience in the energy industry and in energy transition and his significant experience in leading large organisations leave him ideally placed to lead DCC Energy. We have a clear strategy to accelerate the net zero journey of our customers by leading the sales, marketing, and distribution of low carbon energy solutions. And I have no doubt that this will be a winning strategy under Fabian's leadership. I look forward to welcoming Fabian to DCC and working with him to deliver this exciting strategy in the years ahead."
Contact information
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Investor enquiries: |
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Rossa White, Head of Group Investor Relations |
Tel: +353 1 2799 400 |
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Hollie Daly, Investor Relations Manager |
Email: investorrelations@dcc.ie |
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Media enquiries: |
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Powerscourt (Eavan Gannon/Genevieve Ryan) |
Tel: +44 20 7250 1446 |
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Email: DCC@powerscourt-group.com |
About DCC plc
DCC is a leading international sales, marketing and support services group with a clear focus on sustainable growth. DCC is an ambitious and entrepreneurial business operating in 21 countries, supplying products and services used by millions of people every day. Building strong routes to market, driving for results, focusing on cash conversion and generating superior sustainable returns on capital employed enable the Group to reinvest in its business, creating value for its stakeholders.
Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 15,400 people. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2022, DCC generated revenue of £17.7 billion and adjusted operating profit of £589.2 million.
DCC has an excellent record, delivering compound annual growth of 14% in adjusted operating profit and generating an average return on capital employed of approximately 19% over 28 years as a public company.
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