# Centrica appoint Chris O’Shea as Group Chief Executive on a permanent basis

- Link: https://www.directorstalkinterviews.com/centrica-appoint-chris-oshea-as-group-chief-executive-on-a-permanent-basis/412812322
- Published: 2020-04-14T07:10:20+01:00
- Author: Amilia Stone

**Centrica plc **(LON:CNA) has today announced the appointment of Chris O’Shea as
Group Chief Executive on a permanent basis with immediate effect.

> **Scott Wheway, Centrica Chairman, said:**
> “In the last few weeks since my appointment I have completed a review of both 
> the internal and external candidates for this role and have come to the conclusion
> that Chris is comprehensively the best candidate for Centrica. I’m delighted to
> appoint him to the role on a permanent basis.
> “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.”

> **Chris O’Shea said:**
> “It is a huge honour to be appointed to lead Centrica. The company has a long 
> history of serving customers, strong market positions and over recent years has
> built the capabilities to help our customers transition to a low carbon future.
> I’m very proud of how the Centrica team is looking after our customers and our
> colleagues through the Covid-19 crisis.
> “Beyond this present emergency our focus will be on creating value for all of 
> our stakeholders through delivering growth in our customer facing businesses, 
> the structural simplification of the Group, and building on the undoubted strengths
> and capabilities we have in our people and our businesses today.”

**Notes to Editors**

Chris O’Shea was appointed to the Centrica Board as Group Chief Financial Officer
on 1 November 2018 and became interim CEO with effect from 17 March 2020.

Chris O’Shea’s remuneration package will consist of a basic salary and variable 
incentive arrangements which are in line with Centrica’s current remuneration policy
and practice. The key changes to his current arrangements are a base salary of £
775,000 and a reduction from 15% to 10% pension contribution.

In recognition of the current crisis, Chris has already taken a voluntary reduction
in salary of £100,000. This reduction will continue until the company resumes normal
operations.

The company has commenced a search for a new Chief Financial Officer, and an announcement
will be made in due course.

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