CNA: Centrica plc: Directorate Change

  CNA: Centrica plc: Directorate Change

UK Regulatory Announcement


7 January 2014

Centrica plc Board Announcement

Centrica plc today announced that Nick Luff, Group Finance Director, will be
leaving the company, on a date to be confirmed but in any event no later than
31 December 2014.

Nick has been appointed Chief Financial Officer at Reed Elsevier and will take
up his new position after leaving Centrica. A search for Nick’s successor is
currently underway. In the meantime, Nick will continue as Group Finance
Director, and as a Board member, and will assist with an orderly transition to
his successor.

Sam Laidlaw, Chief Executive, said “Nick has made a significant and lasting
contribution to Centrica’s success over the last 7 years. Personally, I will
miss Nick’s valuable input to my team and I would like to thank him for his
ongoing support over the coming months. I know that I speak on behalf of
everyone at Centrica in wishing him well in this next chapter of his career”.

As a Board member, Nick Luff’s remuneration arrangements relating to this year
will be fully disclosed in the 2014 annual report and accounts. In summary,
Nick will be paid his base salary and benefits during his notice period. At
the date of his departure, all unvested long-term incentive awards will lapse
in accordance with the rules of the schemes.

Centrica Investor Relations +44 (0) 1753 494900
Centrica Media Relations +44 (0) 800 107 7014


Centrica plc
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