14th Apr 2020 08:42
(Alliance News) - British Gas parent Centrica PLC on Tuesday confirmed that Chris O'Shea will become chief executive of the company on a permanent basis, effective immediately.
O'Shea became interim CEO in March, having been chief financial officer since late 2018. The search for a new CFO is underway, the utility company said.
Centrica Chair Scott Wheway said: "The board is confident that he is the right leader to navigate Centrica through and beyond the present Covid-19 crisis focusing on the welfare of our colleagues and customers, the financial resilience of the company and the agility to move quickly when we emerge from these unprecedented circumstances".
The company in March announced the departure of Iain Conn as chief executive and Charles Berry as chair. It subsequently named O'Shea as interim boss and Wheway as chair.
Shares in Centrica were up 0.4% at 35.73 pence each in London on Tuesday morning.
By Tapan Panchal; [email protected]
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