DCC’s CFO announces departure after 31 years

Sales and marketing services group DCC has announced the departure of CFO Fergal O’Dwyer, after 31 years of service.

O’Dwyer will stand down from his executive position and from the board the conclusion of DCC’s annual general meeting on 17 July 2020.

O’Dwyer 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.

Lucey joined DCC in 2010, he has also held the positions of head of capital markets since 2017 and was previously the head of group finance from 2015-2017.

Prior to joining DCC, Lucey 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 said: “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.”

 He added: “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.”