Centrica plc announced 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.

After joining Centrica in 2008 as Managing Director, Centrica Energy, Hanafin was responsible for building stronger Exploration & Production, Power Generation and Energy Marketing & Trading businesses. Since Centrica's strategic review in 2015, Hanafin also led the establishment of Centrica's Distributed Energy & Power (DE&P) business and further growth in Energy Marketing & Trading (EM&T). In early 2017, Hanafin became Chief Executive of Centrica Business, the global division focused on delivering energy supply, wholesale energy, energy insight, energy optimization and energy solutions to business customers through a newly-developed integrated solutions platform.

A process to appoint Hanafin's successor has begun and this will be announced separately in due course, Centrica said. Hanafin will step down from the Centrica plc Board when a successor is in place and after an appropriate handover.

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