Centrica PLC
27 June 2006
Mark Clare to join Barratt Developments plc as Group Chief Executive
Centrica plc today announced that Mark Clare, Managing Director of British Gas's
Residential Energy business and main board director, will be leaving the group
at the end of September 2006 to join Barratt Developments plc as its new Group
Chief Executive.
Mark joined British Gas in 1994, became the Group Finance Director of Centrica
plc following demerger in February 1997 and became Managing Director of British
Gas Residential Energy in 2002. In this role he has led the transformation of
its operations, growing the domestic electricity business to become the UK's
largest and installing one of the world's biggest energy billing systems. Mark
also delivered major efficiency improvements by transferring British Gas
Residential Energy's back office functions offshore whilst steering the business
through a period of unprecedented wholesale and retail price volatility.
Sir Roy Gardner, Centrica Chief Executive, said: 'Mark has made a substantial
contribution to the group, both in its early days of turnaround and growth, and
more recently in transforming the UK residential energy business. While we are
sorry to see him go we recognise his decision to move into a Chief Executive
role and wish him every success for the future.'
Centrica's incoming Chief Executive, Sam Laidlaw, who starts on 1st July, will
review the organisation and make an announcement as soon as is practicable
regarding the future leadership of the Residential Energy business. In the
meantime, Mark and his team remain fully committed to delivering the challenging
targets set for the business.
Inquiries:
Centrica investor relations: 01753 494900
Centrica media relations: 01753 494085
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