Centrica Announces the Appointment of New CFO

Source: www.gulfoilandgas.com 1/18/2021, Location: Europe

Centrica plc announces that, for personal reasons, Johnathan Ford will step down today as Group Chief Financial Officer and from the Board and will leave Centrica on 31 January 2021.

Kate Ringrose is appointed Group Chief Financial Officer with immediate effect. Kate has been with Centrica for 16 years and has most recently been Group Financial Controller, having previously held a variety of roles across the energy, services and trading businesses. Kate will also join the Centrica plc Board as an Executive Director.

Chris O'Shea, Centrica Group Chief Executive, said:
"I am very sorry to see Johnathan leave and would like to thank him for his contribution to the Company and wish him and his family well for the future. However, I am delighted that we have a very capable internal successor in Kate, who brings a wealth of experience from a wide range of finance roles across Centrica. I look forward to working closely with Kate as we continue to focus on delivering the turnaround of Centrica".

Johnathan Ford, outgoing Group Chief Financial Officer, said:
"I am pleased to have been involved in the initial stages of the turnaround of Centrica and I am disappointed I will not be able to see it through to its conclusion. However, the Company has made fundamental progress over the past year and I wish Chris, Kate and the rest of the Centrica team well for the future."

Kate Ringrose, incoming Group Chief Financial Officer, said:
"I am honoured to have been appointed as Centrica Group Chief Financial Officer. While there remains a lot to achieve to complete the turnaround of the Company, I have seen first-hand that we have the people, capabilities and market positions to do so. I look forward to working with Chris, the Board and colleagues across the Group and playing my part in the turnaround of Centrica."


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