Centrica Chairman to Step Down

Centrica plc announced Tuesday that Rick Haythornthwaite will step down as chairman within the next 12 months.

The company said its board would now commence the process to appoint a successor. This process will be overseen by the nominations committee and led by the senior independent director, Stephen Hester. 

Haythornthwaite joined the Centrica 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.

“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,” Haythornthwaite said in a company statement.

“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,” he added.


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