May 8, 2018 / 8:44 AM / 3 months ago

Centrica Chairman Haythornthwaite to step down

(Reuters) - British Gas parent firm Centrica Plc (CNA.L) said Chairman Rick Haythornthwaite plans to step down in the next 12 months after more than 4 years in the role.

Haythornthwaite joined the board in 2013 and became chairman in 2014.

Centrica is stepping up job cuts and cost savings after reporting a 17 percent fall in annual operating profit.

Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely

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