CEO succession – Iain Conn – Centrica Interim Financial Results 2019

CEO succession – Iain Conn – Centrica Interim Financial Results 2019



so a separate announcement that we've also made today is that I've agreed with the board that I will step down as CEO and retire from the board next year the board want me to implement the announcements we've made today and begin their material progress including the divestment of spirits energy pursuing the divestment of nuclear the driving of performance the rebasing of our some of our business units and very importantly work with the chairman and the board to secure an orderly succession and therefore I'm not going immediately but we felt that this juncture of this final stage in the repositioning of the portfolio in line with what we laid out in 2015 was the right time for me to signal that I am going to step down and that somebody new will take over the smaller customer-facing company which I hope to have largely delivered on by the time I leave as I haven't left yet and I don't intend to for some time I don't really want to look back and talk too much about what we've done except to say that I'm very proud of what centric esteem has achieved in turning this company from one which was relatively ill suited to the changes taking place in the energy system to the point where we are becoming in tune with it and are going to become fit for it as a customer-facing company in energy services and solutions in the meantime you our shareholders are employees and all of our stakeholders have my total commitment for the future success of this company and to deliver that over to somebody else in the course of 2020

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