Centrica plc (the ‘Company') announces that after over 10 years of service, Mark Hanafin, Chief Executive, Centrica Business has elected to retire from the Company at the end of March 2019.
During his tenure, Mark has seen Centrica through an enormous amount of change and has had a major impact on building the Company’s capabilities. After joining Centrica in 2008 as Managing Director, Centrica Energy, Mark was responsible for building stronger Exploration & Production, Power Generation and Energy Marketing & Trading businesses. Since Centrica’s strategic review in 2015, Mark also led the establishment of Centrica’s Distributed Energy & Power (DE&P) business and further growth in Energy Marketing & Trading (EM&T), including through the important capability-building acquisitions of NEAS Energy, ENER-G Cogen and REstore and the development of a global LNG presence. In early 2017, Mark became Chief Executive of Centrica Business, the global division focused on delivering energy supply, wholesale energy, energy insight, energy optimisation and energy solutions to business customers through a newly-developed integrated solutions platform.
A process to appoint Mark’s successor has begun and this will be announced separately in due course. Mark will step down from the Centrica plc Board when a successor is in place and after an appropriate handover.
Iain Conn, Group Chief Executive of Centrica said:
“Mark was a major influence on Centrica’s strategic review in 2015 and has been an invaluable member of my team since I joined the Group at the end of 2014, providing wise advice and support to me and to the Centrica Executive team overall.
I have very much enjoyed working with Mark and will miss his considerable experience after he leaves next year. I wish Mark and his family all the very best for the future”.