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Centrica Names New CFO

July 31,2018



Centrica said that, in line with long-standing succession plans agreed with its Board, Jeff Bell will be standing down as Group CFO at the end of October this year and will leave the Company in July 2019. During the period from November 2018 to July 2019 Bell will continue to be employed by the Company, taking on a financial advisory role within the business and continuing as a Director of Spirit Energy and Chairman of its Audit Committee.

"In 2015 Centrica conducted its strategic review and announced its new strategy in July of that year. With that first phase now complete, the balance sheet strengthened, the initial disposal programme completed and the material cost efficiency programme delivered three years early, the Centrica Board has agreed that Jeff will stand down from the Board and hand over to a successor for the next phase of Centrica’s development," Centrica said

Centrica announced the appointment of Chris O’Shea as Group CFO and Executive Director of Centrica plc effective November 1, 2018.

Since 2015 O’Shea was Group CFO of Smiths Group plc. Prior to Smiths, O’Shea was Group CFO of Vesuvius plc. Previously, O’Shea held various senior finance roles with BG Group plc and with Royal Dutch Shell plc in the UK, the US, and Africa. Centrica, Hires, Finance

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