Directorate change

Directorate change

Centrica plc

8 May 2018

Centrica plc

(“the Company”)

Centrica plc Board Announcement

Centrica plc (“Centrica”, the “Group”) announces in advance of its AGM next week that its Chairman, Rick Haythornthwaite, has informed the Board of his intention to step down as Chairman within the next 12 months, as he will have served on the Board for nearly 6 years at that time. This will enable an orderly handover to a successor in due course.

The Board will now commence a process to appoint a successor. The process will be overseen by the Nominations Committee and led by the Senior Independent Director, Stephen Hester.

Rick joined the Board as a non-executive director in October 2013 and became Chairman in January 2014. He will continue to serve as Chairman until a successor is appointed and in place.

Rick Haythornthwaite said:

“Chairing Centrica has been a real privilege, and the Group has made material progress against a challenging external environment, including significant fundamental changes in the energy landscape.

Over this period the Board has overseen the appointment of Iain Conn as Group Chief Executive, the development and execution of a new strategy focused on the customer, and with it significant changes to Centrica’s portfolio and capabilities. The first phase of strategic implementation has been completed, the Board has been refreshed and the balance sheet materially strengthened. I am immensely grateful to my fellow Board members for their support and hard work during my tenure as Chairman and I look forward in time to an orderly handover to my successor.”

ENDS

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Enquiries
Investors and analysts: Martyn Espley: [phone]
Media: Sophie Fitton: [phone]

Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229

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