Centrica appoints new Group Finance Director

Centrica plc has announced the appointment of Nick Luff as an Executive Director of the Company and its new Group Finance Director. The appointment is effective from 1st March 2007. Nick Luff joins Centrica from the Peninsular & Oriental Steam Navigation Company (“P&O”) where he was Chief Financial Officer prior to its takeover by DP World.

Previously, Mr Luff was the Chief Financial Officer of P&O Princess Cruises plc and has held a number of other senior financial roles at P&O having qualified as a chartered accountant at KPMG. He replaces Phil Bentley who, as already announced, moves to become Managing Director of British Gas.

Roger Carr, Chairman of Centrica said:

“The Board are delighted to have appointed Nick who brings a wealth of high level experience as a financial manager from an international business. He completes the formation of a revitalised, high-calibre team under Sam Laidlaw to lead Centrica in strengthening its role as an international player in the global energy market in the years ahead.

Nick Luff said:

“I feel privileged to be joining Centrica at such an important time in its development and when the issue of energy is high up the global agenda. I look forward to bringing my own international experience to bear in helping the company meet its challenges and capitalise on the strong platform that has been built in the UK, Europe and North America.”