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Mr Iain Conn to Step Down from Centrica plc

Gasoil News - Published on Thu, 01 Aug 2019

Image Source: Financial Times
Centrica plc announced that Mr Iain Conn, Group Chief Executive Officer, has agreed with the Board that he will step down as CEO and retire from the Board next year. Today’s strategic update announcements mark an important moment in our transformation and we are now moving into a new phase, ready to exit our E&P businesses and fully committed to becoming a simpler and more focussed, cost competitive customer facing business. Mr Iain will continue as CEO to drive the repositioning of the company’s portfolio and improve underlying performance as it continues to gain momentum. We anticipate that he will remain with the Company at least until the 2020 Annual General Meeting and provide his full support to help with the transition. The Board will plan succession accordingly and provide updates in due course.

Mr Charles Berry, Chairman of Centrica, said that "Iain has led the strategic repositioning of Centrica since 2015 and has been the driving force behind our plan to turn Centrica into a sustainable business that is built around delivering clean, affordable energy and high-quality services and solutions for our customers, and to respond to the significant global challenge of moving to a lower carbon energy future.”

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Posted By : Rabi Wangkhem on Thu, 01 Aug 2019
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