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Governance I Directors’ and Corporate Governance Report Board of Directors Full biographies can be found at Chairman Disclosure Remuneration Denotes C DC RC centrica.com/board of the Board Committee Committee Committee Chairman Audit Nominations Safety, Health, Environment, AC Committee NC Committee SC Security & Ethics Committee Rick Haythornthwaite Chairman Rick joined the Board as a Non-Executive Director on 14 October 2013. He was appointed Chairman of the Board on Rick Haythornthwaite Iain Conn Chris O’Shea 1 January 2014 and was Chairman of the Nominations Committee. He stepped down from the Board on 20 February 2019. Skills and experience Rick has a wealth of knowledge in the energy industry and has significant board experience, both as an executive and non-executive director. He led the rescue of Invensys from 2001 to 2005 and the defence, turnaround and subsequent Charles Berry Margherita Della Valle Joan Gillman sale of Blue Circle Industries from 1997 to 2001. He has served on the boards of Network Rail as chairman and Cookson, Lafarge, ICI and Land Securities as a non-executive director. External appointments Chairman of the board of MasterCard International, QIO Technologies and Arc International and an advisory partner at Moelis & Company. Richard Hookway Stephen Hester Mark Hodges Iain Conn Group Chief Executive Iain was appointed Group Chief Executive on 1 January 2015 and is Chairman of the Disclosure Committee. Pam Kaur Carlos Pascual Steve Pusey Skills and experience Iain possesses a deep understanding of the energy sector built up over a lifetime in the industry and has demonstrated strong commitment to customers, safety and technology. Iain was previously BP’s chief executive, downstream (BP’s refining and marketing division) a position he held for seven years. Iain was a board member of BP for 10 years from 2004 and had Scott Wheway previously held a number of senior roles throughout the organisation in trading, exploration and production and the management of corporate functions such as safety, marketing, technology and human resources. External appointments Non-executive director of BT Group plc. 68 Centrica plc Annual Report and Accounts 2018 Chris O’Shea Charles Berry Margherita Della Valle Group Chief Financial Officer Non-Executive Director Non-Executive Director Chris was appointed Group Chief Charles joined the Board as a Non-Executive Margherita joined the Board on 1 January Financial Officer on 1 November 2018. Director on 31 October 2018 and was 2011 and is Chairman of the Audit Skills and experience appointed Chairman of the Board Committee. Margherita will step down and Nominations Committee on from the Board on 12 May 2019. Chris is an experienced listed company 21 February 2019. chief financial officer with considerable Skills and experience experience of complex, multi-national Skills and experience Margherita brings considerable corporate organisations, not only in the energy sector Charles brings a wealth of international finance and accounting experience and but also in technology-led engineering energy and engineering knowledge and she has a sound background in marketing. and services industries. Prior to joining a track record of successful leadership She was chief financial officer of Centrica, Chris was group chief financial of businesses across the industrial, Vodafone’s European region from April officer of both Smiths Group plc and minerals, telecommunications and retail 2007 to October 2010 and chief financial Vesuvius plc, and a non-executive director sectors. He also has extensive experience, officer of Vodafone Italy from 2004 to 2007. of Foseco India Ltd, an Indian-listed in both the UK and US, of the regulatory Previously she worked for Omnitel Pronto supplier to the foundry industry. From 2006 framework of the energy and service Italia and held various consumer marketing to 2012 Chris held various senior finance markets. Charles is chairman of The Weir positions in business analytics and roles with BG Group plc, including chief Group PLC. He previously held chairman customer base management before financial officer of Europe and Central Asia, roles at Senior plc, Drax Group plc, EAGA moving into finance. prior to which he held a number of plc and Thus Group plc. Charles has also External appointments senior roles with Royal Dutch Shell plc held executive roles at Scottish Power plc Group chief financial officer of Vodafone in the UK, the US and Nigeria, and with and Pilkington plc. Group Plc and member of the Ernst & Young. External appointments VodafoneZiggo Board. External appointments Chairman of The Weir Group PLC and Chairman of the Tax Committee of the member of the steering group of the 100 Group of UK Finance Directors. Hampton-Alexander Review. Joan Gillman Richard Hookway Stephen Hester Non-Executive Director Chief Executive, Centrica Business Senior Independent Director Richard was appointed Chief Executive, Joan joined the Board on 11 October 2016. Centrica Business on 1 December 2018. Stephen joined the Board on 1 June 2016 Skills and experience Skills and experience and is the Senior Independent Director. Joan is a former executive vice president Richard worked in the energy sector Skills and experience of Time Warner Cable, as well as chief for 35 years at BP plc. His last role was Stephen has wide-ranging experience, operating officer, Time Warner Cable serving as group chief operating officer particularly in customer-facing businesses, Media and president, Time Warner Cable for Global Business Services and IT. together with recognised expertise in Media LLC. Prior to its acquisition by Prior to this Richard spent seven years as transforming business performance. Charter Communications, Time Warner CFO for BP’s Downstream division which He has a deep knowledge of operating Cable was the second-largest cable includes customer-facing businesses, within highly regulated businesses and company in the United States, operating refining and marketing and the P&L for over 30 years’ experience in financial in 29 states and generating over $23 billion BP’s oil trading activities. He previously services and FTSE 100 companies. in annual revenue. Joan led one of the held a number of senior commercial roles Stephen was previously chief executive company’s three operating divisions, both in the UK and in North America officer of Royal Bank of Scotland Group plc doubling revenues and overseeing the including head of the Natural Gas Liquids where he led their largest-ever corporate company’s big data strategy. business based in Houston and the restructuring and recovery programme. Commercial and Industrial Marketing External appointments business for Europe. He also held positions External appointments Director of Airgain, Inc., InterDigital, Inc. in trading, exploration and production, Group chief executive of RSA Insurance and Cumulus Media, Inc. petrochemicals and in group functions. Group plc. External appointments Non-executive director of EDF Energy Nuclear Generation Group Limited (representing Centrica). Centrica plc Annual Report and Accounts 2018 Centrica plc Annual Report and Accounts 2018 69 Governance I Directors’ and Corporate Governance Report Mark Hodges Pam Kaur Carlos Pascual Chief Executive, Centrica Non-Executive Director Non-Executive Director Consumer Mark joined the Board on 1 June 2015 Pam joined the Board on 1 February 2019. Carlos joined the Board on 1 January 2015. and will step down on 28 February 2019. Skills and experience Skills and experience Skills and experience Pam has extensive experience in audit, Carlos has held a number of senior Mark brings a strong understanding of business, compliance, finance and risk positions in the energy industry as well as the UK consumer market and a track management, having previously held being a prominent public figure in energy record in improving business performance. various senior roles at global financial geopolitics and economic and commercial He is experienced in working in a institutions including Citigroup, Lloyds development. Between 2011 and 2014 regulated environment, driving significant TSB, the Royal Bank of Scotland and Carlos established and directed the US improvements in customer service and Deutsche Bank, and has worked with State Department’s Energy Resource managing efficiency, ‘offer innovation’, regulators and supervisory boards across Bureau. Until August 2014 Carlos was major IT and change projects. Mark was the world. Pam has an MBA in finance special envoy and coordinator for group chief executive officer of Towergate and a BCom (Hons) from Panjab international energy affairs, acting as Partnership. Prior to this he spent over 20 University in India and is a qualified senior adviser to the US Secretary of State years with Norwich Union and Aviva plc in chartered accountant. on energy issues. He has also served as a variety of finance, planning and strategy US ambassador in Mexico and Ukraine. roles. He was a member of Aviva’s board External appointments and executive committee. A Group Managing Director and Group External appointments External appointments Head of Internal Audit at HSBC Holdings Non-resident senior fellow at the Centre on plc and Chair of the Financial Services Global Energy Policy, Columbia University Director of Energy UK (representing Faculty Board. and senior vice president for global energy Centrica). at IHS Markit. Steve Pusey Scott Wheway 2018 Board changes Non-Executive Director Non-Executive Director Jeff Bell stepped down from the Board on 31
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