Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Centrica hires BP's Hookway to head up business supply unit

Hookway joins Centrica's board on December 1, when he will also start his new role
Centrica hires BP's Hookway to head up business supply unit
Hookway replaces Mark Hanafin, whose retirement was announced in July

British Gas owner Centrica PLC (LON:CNA) on Friday said it has appointed Richard Hookway as the new head of Centrica Business, which supplies energy to business customers.

Hookway spent 35 years at oil major BP PLC (LON:BP) in various roles, including heading up the finances of the BP's downstream business and more recently as chief operations officer of BP's Global Business Services & IT unit.

READ: Centrica and SSE shares gain as Ofgem energy price cap removes uncertainty

Hookway replaces Mark Hanafin, who is due to retire in March 2019. Hanafin's retirement was announced in July. 

Centrica said Hookway would join its board on December 1, when he will also start his new role.

"I am delighted Richard is joining Centrica as chief executive of Centrica Business. He brings with him a wealth of experience in customer-facing energy activities, including in energy marketing and trading and commodity risk management. He has spent much of his career in the UK and Europe, but has also lived in North America and knows that energy market well," Centrica Chief Executive Iain Conn said in a statement.

Centrica shares were down 0.4% at 143.80p in late morning trade.

View full CNA profile View Profile

Centrica Timeline

Related Articles

oil well
June 18 2018
A cash flow model - assuming one new IOsorb plant is added each year between 2019 and 2021 - gives a price target of 35p/share
The project site in Greenland
March 22 2018
Kvanefjeld is forecast to be the largest producer of key rare earth elements for electric vehicles.
picture of wind turbines
January 11 2018
The construction of more than 600 wind turbines was funded by securing US$1bn of financing during the year.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use