Direct Energy CEO Departing Company, Centrica Creates New Global Consumer Division

Badar Khan, CEO of Direct Energy and Centrica's Chief Executive of Energy Supply & Services in North America, is leaving Centrica to assume a new role on the Group Executive Committee of National Grid.

Khan will leave Centrica on March 6, 2017.

In confirming Khan's departure, Centrica also announced that it was re-organizing its business units into global consumer and business divisions, "further focusing itself around the residential consumer and business customer."

"This follows an increasing focus on home and business end-users in the last two years, and the recognition of the similarity of customer trends in all countries in which it operates," Centrica said

Mark Hodges will become Chief Executive, Centrica Consumer, with responsibility for all B2C activities globally

Hodges will continue to lead the UK Home, Ireland and Connected Home businesses and will also assume responsibility for North America Home.

Manu Asthana, President, North America Home, will now report into Hodges.

Mark Hanafin will take on the role of Chief Executive, Centrica Business, with similar responsibility for all B2B activities. Hanafin will continue to lead Distributed Energy & Power, Energy Marketing & Trading, and Central Power Generation and will also assume responsibility for UK Business and North America Business.

John Schultz, President North America Business, and Gab Barbaro, Managing Director UK Business, will both now report to Hanafin. Schultz will also take on the role of President, Centrica North America, ensuring that Centrica remains coherent in the region. In this regard, Schultz will also report to Hanafin.

Exploration & Production (E&P) will continue to be run by Chris Cox, Managing Director E&P, who will now report directly to Iain Conn, Group Chief Executive.

"Centrica’s strategy is to focus on the changing needs of our customers – in the home and business segments. This reorganisation enables a more coherent strategy built around the end-customer and gives us the ability to ensure capability is developed globally and efficiently in support of that strategy," said Iain Conn, Centrica Chief Executive