Centrica Plc
CNA:LN
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Overview
Company Profile
Centrica is the supply side of the former British Gas. The company supplies gas and electricity and offers a range of home energy solutions and low-carbon products and services.
Classification
Sector Utilities
Industry Independent Power Producers
Financials
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Corporate
Board of Directors
Rick Haythornthwaite
Chairman
Rick joined the Board as a Non-Executive Director on 14 October 2013. He was appointed Chairman of the Board on 1 January 2014 and is Chairman of the Nominations Committee. Skills and experience: Rick has a wealth of knowledge in the energy industry and has significant board experience, both as an executive and non-executive. He led the rescue of Invensys from 2001 to 2005 and the defence, turnaround and subsequent sale of Blue Circle Industries from 1997 to 2001. He spent his early career in various corporate, upstream and leadership positions in BP from 1978 to 1995, including exploration and production roles in the North Sea, Alaska, France and Venezuela before moving to Premier Oil as commercial director from 1995 to 1997. He has served on the boards of Network Rail as chairman and Cookson, Lafarge, ICI and Land Securities as a non-executive director. External Appointments: Chairman of the global board of MasterCard Inc and the operating businesses of PSI, a private fund. Chairman of the Southbank Centre in London and the World Wide Web Foundation. The Chairman is responsible for the leadership and management of the Board. In doing so, he is responsible for promoting high ethical standards and best practice in corporate governance and ensures the effective contribution of all Directors
Iain Conn
Chief Executive
ain was appointed Chief Executive on 1 January 2015. He is Chairman of the Executive Committee and the Disclosure Committee. Skills and experience: Iain has a wealth of experience heading a global consumer brand. He possesses a deep understanding of the energy sector built up over a lifetime in the industry with a commitment to customers and safety. Iain was previously Chief Executive, Downstream, of BP’s refining and marketing division, a position he has held for the past seven years. Iain was a Board member of BP for 10 years from 2004 and has previously held a number of senior roles throughout BP including in trading, exploration and production, and the management of corporate functions such as safety and human resources. He also served as a non-executive director and senior independent director of Rolls-Royce Holdings plc from January 2005 until May 2014. External Appointments: Iain is a non-executive director of BT Group plc, Chairman of the Advisory Board of Imperial College Business School, a member of the Council of Imperial College and a member of the CBI’s President’s Committee. The Chief Executive is responsible for the executive leadership and day-to-day management of the Company, to ensure the delivery of the strategy agreed by the Board.
Mark Hanafin
Managing Director, International Upstream
Mark was appointed to the Board on 14 July 2008. Skills and experience: Mark has senior management experience across the energy value chain from E&P through to product sales. He has excellent midstream and trading credentials as well as a strong track record in developing supply and marketing businesses. Before joining Centrica, Mark spent 21 years with Royal Dutch Shell, most recently as CEO of Shell Energy North America in Houston. Prior to joining Shell, he worked for General Electric Company having qualified as a chartered engineer. External appointments: Non-executive director of EDF Energy Nuclear Generation Group Limited.
Mark Hodges
Managing Director, British Gas
Mark was appointed Managing Director, British Gas on 1 June 2015 Skills and experience: Mark brings a strong understanding of the UK consumer market and a track record in improving business performance. He is experienced in working in a regulated environment, driving significant improvements in customer service and efficiency, offer innovation, major IT and change projects. Mark was Group CEO of Towergate Partnership, the specialist insurance broker, between 2011 and 2014. Prior to this, Mark spent over 20 years with Norwich Union and Aviva plc holding a variety of finance, planning and strategy roles including Finance Director of Norwich Union General Insurance from 1999, Managing Director of Norwich Union General Insurance from 2005, Chief Executive of Aviva UK Life from 2006 and UK CEO of Aviva plc, between 2010 and 2011, sitting on both the Executive Committee and Aviva plc Board.
Jeff Bell
Chief Financial Officer
Skills and experience: Jeff Bell joined the Group\'s Direct Energy business in Toronto in 2002 as Vice President of Financial Strategy. He then held various senior finance positions in Direct Energy, including VP Finance for Direct Energy Business and VP for Corporate Finance. In 2008, Jeff moved to the UK to work as Executive Assistant to the Group Chief Executive and Head of Group Strategy. Since 2010, he was Centrica’s Group Financial Controller and Director of Corporate Finance before being appointed Interim Chief Financial Officer on 1 September 2014. Prior to Centrica, Jeff worked in Toronto both for KPMG where he qualified as a chartered accountant and as a management consultant for Boston Consulting Group.
Margherita Della Valle
Non-Executive Director
Margherita joined the Board on 1 January 2011 and became Chairman of the Audit Committee on 1 July 2013. Skills and experience: Margherita brings considerable corporate finance and accounting experience and she has a sound background in marketing. She was chief financial officer for Vodafone’s European region from April 2007 to October 2010 and chief financial officer of Vodafone Italy from 2004 to 2007. Previously she joined Omnitel Pronto Italia in Italy in 1994 and held various consumer marketing positions in business analytics and customer base management prior to moving to finance. Omnitel was acquired by Vodafone Group in 2000. External Appointments: Deputy Group CFO of Vodafone Group plc. A member of HM Treasury’s Financial Management Review Board of HM Government. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees.
Lesley Knox
Non-Executive Director
Lesley joined the Board on 1 January 2012 and is Chairman of the Remuneration Committee. Skills and experience: Lesley brings a wealth of strategic and financial experience across a range of businesses to the Board and she is an experienced remuneration committee chair. She was previously with British Linen Bank in 1997, becoming governor in 1999 and was subsequently a founder director of British Linen Advisers from 1999 to 2003. She was senior non-executive director of Hays Plc and also spent 15 years with Kleinwort Benson from 1981 to 1996, first in corporate finance and then as chief executive of the institutional asset management business. External appointments: Non-executive director of SABMiller Plc and Turcan Connell Asset Management Ltd, trustee of the Grosvenor Estates and chairman of Grosvenor Group Limited, chairman of Design Dundee Limited and trustee of The National Life Story Collection. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees.
Mike Linn
Non-Executive Director
Mike joined the Board on 1 June 2013. Skills and experience: Mike has considerable experience in the energy sector, particularly exploration and production and the US market. He founded and was previously chairman, CEO and president of LINN Energy, LLC. He was formerly president of Allegheny Interests and president and CEO of Meridian Exploration Company, Pittsburgh. He was the former chairman of the Independent Petroleum Association of America and was the Texas representative for the Legal and Regulatory Affairs Committee of the Interstate Oil and Gas Compact Commission. He was former president of the Independent Oil and Gas Association of New York, president of the Independent Oil and Gas Association of Pennsylvania and president of the Independent Oil and Gas Association of West Virginia. External appointments: Non-executive director of LINN Energy, LLC, non-executive board member of Nabors Industries, Black Stone Minerals and Western Refining Logistics and senior advisor to Quantum Energy Partners. Member of the National Petroleum Council and inducted into the All American Wildcatters. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees.
Ian Meakins
Senior Independent Director
Ian joined the Board on 1 October 2010 and became Senior Independent Director on 1 January 2015. Skills and experience: Ian has broad general management and board experience and considerable knowledge of managing businesses with strong brands. Ian is currently CEO of Wolseley plc and was, until April 2009, chief executive of Travelex Holdings Ltd, the international foreign exchange and payments business. Previously he was chief executive officer of Alliance UniChem plc until its merger with Boots in July 2006. Between 2000 and 2004, he was president, European Major Markets and Global Supply for Diageo plc, spending over 12 years with the company in a variety of international management positions. External appointments: Group chief executive of Wolseley plc. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees. In addition, the Senior Independent Director acts as a sounding board for the Chairman and serves as an intermediary for the other Directors, as well as shareholders, as required.
Carlos Pascual
Non-Executive Director
Carlos joined the Board on 1 January 2015. Skills and experience: Carlos has held a number of senior positions in the energy industry and is a senior leader in energy geopolitics and economic and commercial development. He is a Fellow and Senior Research Scholar at the Centre on Global Energy Policy at Columbia University. Between 2011 and 2014 Carlos established and directed the US State Department\'s Energy Resource Bureau. Until August 2014, Carlos was Special Envoy and Coordinator for International Energy Affairs, acting as senior adviser to the US Secretary of State on energy issues. He has also served as US Ambassador in Mexico and Ukraine. External appointments: Carlos is a non-resident senior fellow at the Center on Global Energy Policy, Colombia University and senior vice-president, Global and International Issues, IHS Inc. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees.
Steve Pusey
Non-Executive Director
Steve joined the Board on 1 April 2015. Skills and experience: Steve has a wealth of international experience as a senior customer facing business technology leader. He has considerable experience in the telecommunications industry in both the wireline and wireless sectors and in business applications and solutions. Between 2006 and July 2015, Steve was the Chief Technology Officer of Vodafone Group Plc and had responsibility for defining and leading their global technology strategy. Prior to joining Vodafone Group Plc in 2006 Steve held the positions of Executive Vice President and President, Nortel EMEA, and spent several years with British Telecom. Steve is a graduate of the Advanced Management Program at Harvard University. External appointments: Non-executive director of FireEye, Inc, and ARM Holdings plc. Our Non-Executive Directors, through their diverse experience and skills, scrutinise the performance of management and constructively challenge and help develop our strategy. They uphold high standards of integrity and probity. They form the Audit, Nominations and Remuneration Committees