DCC Regulatory News (DCC)

18 May 2021

Appointment of Chairman Designate and Board Renewal

Appointment of Chairman Designate

DCC plc, the leading international sales, marketing and support services group, today announces the appointment of Mr. Mark Breuer as Chairman Designate. He will succeed the present Chairman, Mr. John Moloney, on 16 July 2021, at the conclusion of DCC's Annual General Meeting ('AGM'). Mr. Moloney, who has been Chairman since September 2014 and a non-executive Director since February 2009, will retire as Chairman and from the Board on the same date.

Mr. Breuer joined the Board of DCC in November 2018. He is an experienced business leader and corporate financier, with over thirty years' experience in investment banking, most recently in JP Morgan, where he was Vice-Chairman Global M&A and a member of the Global Strategic Advisory Council before his retirement in 2017. Mr. Breuer is a non-executive director and Chairman of Derwent London plc.

The appointment of Mr. Breuer follows a comprehensive selection process led by the Governance and Sustainability Committee of the Board.

New Senior Independent Director

Ms. Caroline Dowling will succeed Mr. Breuer as Senior Independent Director on 16 July. Ms. Dowling has been a Director of DCC since May 2019.

New Non-Executive Director

Ms. Lily Liu has been appointed a non-executive Director and member of the Audit Committee with effect from the conclusion of the Company's AGM on 16 July.

Ms. Liu is the Chief Financial Officer of Essentra plc, a leading global provider of essential components and solutions and a member of the FTSE 250. She joined Essentra plc in 2018 as Chief Financial Officer.

There are no details to be disclosed under Listing Rule 9.6.13 in respect of Ms. Liu.

Retirement of Non-Executive Director and Appointment of Audit Committee Chairman

The Board of DCC has been informed by Ms. Jane Lodge, non-executive Director and Chairman of the Audit Committee, of her intention to retire from the Board with effect from the conclusion of the Company's AGM on 16 July. Ms. Lodge has held these positions since October 2012.

Ms. Lodge will be succeeded as Chairman of the Audit Committee by Mr. Cormac McCarthy. Mr. McCarthy has been a non-executive Director and member of the Audit Committee since May 2016.

John Moloney, Chairman of DCC plc, said:

"I have had the great privilege of working with a wide range of talented and committed people across all levels of DCC during my time on the Board. I would like to thank them all for their support and dedication. I am delighted to hand over to Mark Breuer, who has the expertise and breadth of knowledge to lead the Board in the years ahead.

I warmly welcome Lily Liu to the Board. Her current role as CFO in a global business will make her an excellent addition to the Board and Audit Committee.

Jane Lodge's financial expertise and business experience have been very much appreciated by myself and all of the Board over her tenure and we wish her every success in the future."

Donal Murphy, Chief Executive of DCC plc, said:

"On behalf of the management team, I would like to thank John for his exceptional contribution to the Board and the Group, during which he oversaw the significant growth and development of DCC. His wise counsel, support and leadership have also been very much appreciated by myself and the Board. We wish John well for the future. I look forward to working closely with our new Chairman Mark Breuer as we continue to grow and develop the Group."

Mark Breuer, Chairman Designate, said:

"I am very much looking forward to becoming Chairman and working even more closely with Donal, his team and my Board colleagues to deliver further success for DCC. The business has proven highly resilient through the pandemic and faces the future with great confidence."

For reference:

Darragh Byrne

Company Secretary

Tel: +353 1 2799 400

Email: companysecretary@dcc.ie

Web: www.dcc.ie

Rossa White

Head of Investor Relations

Telephone: +353 1 2799 400

Email: investorrelations@dcc.ie

Web: www.dcc.ie

Powerscourt (Media)

Lisa Kavanagh / Eavan Gannon

Telephone: +44 20 7250 1446

Email: DCC@powerscourt-group.com

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, Healthcare and Technology. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2021, DCC generated revenue of £13.4 billion and operating profit of £530.2 million.