Business
Chair Succession
Chair Succession.
About this update from Centrica Plc
[{"type":"text","content":"\n\n \n \n \n \n25 July 2024\n \nCentrica plc\n \nChair Succession\n \nCentrica plc (\"the Company\") today announces that Scott Wheway will step down as Chair of the Company after almost nine years on the Board and five years as Chair and will not seek re-election as a Director. The Board is pleased to announce that, effective 16 December 2024, Kevin O'Byrne will succeed Scott and will be appointed as Chair of the Company.\nKevin has served as a Non-Executive Director of the Company since May 2019 and is currently the Company's Senior Independent Director and a member of the Nominations Committee and Audit and Risk Committee. Kevin was Chair of Centrica plc's Audit and Risk Committee from 2019 to 2023.\nIn line with UK Corporate Governance Code recommendations, as the Senior Independent Director was a candidate for the role of Chair, non-executive director Amber Rudd led a comprehensive search process, considering both internal and external candidates. \nChris O'Shea, Group Chief Executive said: \"On behalf of the Board I would like to thank Scott for the contribution he has made to Centrica, chairing the Board through a period of significant volatility and change for the Company. On a personal level, Scott has been a huge support to me and I have learned a lot from working with him. Centrica is a very different company to the one Scott asked me to lead in early 2020, and Scott leaves with the business in a great position.\nI am grateful to Amber for running such a thorough and comprehensive process and I'm delighted Kevin has agreed to become our next chair. I'm looking forward to working with Kevin and the Board to drive further growth as we work to capture the opportunities our uniquely integrated business model creates for us.\"\nKevin O'Byrne, Senior Independent Director and Chair Designate said: \"I am honoured and excited to take on the role of Chair at Centrica. I look forward to building on the strong foundations Scott has laid over his time as Chair, and to working with the Board, Chris and the executive team to execute the Company's strategy and deliver material value for all our stakeholders\".\nENDS\nNotes:\nThere are no other matters that require disclosure under rule 9.6.11R or 9.6.14R of the UK Listing Rules.\nThe Board has confirmed that Kevin O'Byrne is independent upon ...