NEW YORK, Dec. 1, 2020 /PRNewswire/ -- Global Infrastructure Partners (GIP), a leading, independent global infrastructure investor, announced today that Tufan Erginbilgic has joined the Firm as a Partner. Mr. Erginbilgic joins GIP from BP plc, where he worked for over 20 years, most recently as Chief Executive Officer of BP's Downstream segment, which includes BP's global fuels, lubricants, and petrochemicals businesses.
Mr. Erginbilgic has a bachelor's degree in engineering, an MBA and an MA in Economics and he joined BP in 1997 after seven years at Mobil Oil Company. He held leadership positions in several different BP businesses, including its Retail operations and BP's Lubricants division, which he made into an industry leader while quadrupling its profits. From 2007-2009, Mr. Erginbilgic was Chief of Staff to the BP Group CEO, playing a key role in the transformational program that increased BP's revenues and delivered cost efficiencies. He was appointed Chief Operating Officer in 2009 and then CEO of BP Downstream in 2014. As CEO of BP Downstream's 40,000 employees, he doubled underlying earnings, tripled returns, and delivered a record-setting safety performance. At GIP, Mr. Erginbilgic will work with our Investment and Operating Teams to create investment opportunities by developing new strategic partnerships. He will also work with GIP's portfolio companies to maximize value by improving the efficiency of their operations and delivering top quality customer service.
Mr. Erginbilgic said, "GIP has forged strategic partnerships with industry leaders. It combines deep sector knowledge with an operational focus and an emphasis on safety and corporate responsibility to develop market leading businesses. I have come to know the GIP team well and I am excited to join the Firm at this unique time in the evolution of the energy industry."
Bayo Ogunlesi, Chairman and Managing Partner of GIP commented, "We are delighted to welcome Tufan to GIP. Tufan brings a unique blend of experience as a first-class operator of complex industrial businesses, deep investment expertise, a truly global perspective and extensive senior level industry relationships. In addition, Tufan's experience helping to develop and evolve BP's energy transition plans and improve its safety culture will be invaluable to GIP as we implement our own energy transition plans and heighten our focus on and leadership in ESG issues."
About Global Infrastructure Partners
Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP's teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore, and Hong Kong. GIP's credit platform ("GIP Credit") provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies through several funds including GIP Spectrum and GIP Capital Solutions ("CAPS"). For more information, visit www.global-infra.com.
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SOURCE Global Infrastructure Partners