31st Jul 2013 07:05
Centrica plc
31 July 2013
Centrica Board Composition: Non-Executive Directors
Centrica plc’s Board has decided to extend Paul Rayner’s term as a Non-Executive Director through to December 2014.
As reported in its 2012 Annual Report and Accounts, Paul Rayner was due to step down from the Board in December 2013 following nine years’ service as Chairman of the Audit Committee and Non-Executive Director. However, following the announcement that Sir Roger Carr will step down as Chairman, the Board has agreed that it would be appropriate for the new Non-Executive appointment to be made by the new Chairman. The decision follows consultation with a number of the Group’s major shareholders.
While both Paul Rayner and Mary Francis will exceed their nine-year terms, the Board remains committed to good governance, particularly with regard to the UK Corporate Governance Code.
Grant DawsonGeneral Counsel & Company Secretary
Enquiries:Centrica Investor Relations: +44 (0)1753 494900Centrica Media Relations: +44 (0)800 107 7014
Notes:
Further background is included on the Group’s website at www.centrica.com
Copyright Business Wire 2013
Related Shares:
Centrica