LONDON-- Gas supplier Centrica PLC (CNA.LN) Wednesday said it will form global consumer and business divisions as part of a company reorganization, effective March 6.

Mark Hodges will become Chief Executive, Centrica Consumer, and will continue to lead the U.K. Home, Ireland and Connected Home businesses.

Mark Hanafin becomes Chief Executive, Centrica Business, and will continue to lead Distributed Energy & Power, Energy Marketing & Trading and Central Power Generation.

Badar Khan, Chief Executive of Energy Supply & Services in North America, will leave the company for a role with U.K. utility company National Grid PLC (NG.LN), and his tasks will be taken over my Mr Hodges and Mr. Hanafin.

Shares at 1509 GMT, up a penny, or 0.3%, at 230 pence valuing the company at GBP12.61 billion.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

February 08, 2017 10:25 ET (15:25 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Centrica (LSE:CNA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Centrica Charts.
Centrica (LSE:CNA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Centrica Charts.