British Gas owner Centrica’s chief executive Iain Conn is to step down from his post and retire from the company’s board next year. He told the Today programme it was “a natural time for me to hand over”. Centrica reported a pre-tax loss of £446m in the six months to June. It made a £704m profit this time in 2018. The firm is also cutting its dividend and selling its investment in oil and gas exploration and production, but is launching a new partnership with Ford. Mr Conn said: “We are finishing the journey to becoming a customer-facing energy and solution company. Once we have done that, it is the right time for me to hand over to a successor – a natural moment. We have been shifting a company to one in tune with a lower carbon economy. Centrica also announced it was launching a partnership with Ford, as the carmaker seeks to expand its range of electric vehicles. Under the deal, Centrica will deliver a dedicated home charging installation service for the next five years.
BBC 30th July 2019 read more »