Mastercard’s Chairman will take over from Sir Roger Carr when he steps down as Chairman of British Gas owner Centrica.
Richard (Rick) Haythornthwaite will become Non-Executive Chairman from 1 January 2014. The former BP man – he spent 17 years at the British oil giant – is also Chairman of arts organisation the Southbank Centre.
Sir Roger Carr who will step down on New Year’s Eve said: “I’m delighted that Rick has accepted the Board’s invitation to succeed me as Chairman of Centrica. He brings invaluable industry experience from his time at BP, a deep knowledge of consumer relations from MasterCard and a proven record of government and regulatory body engagement from Network Rail.”
Mr Haythornthwaite added he feels “privileged” to take on the role: “Centrica [is] a company with such a fine heritage and that is so relevant not only to its customers, employees and shareholders but also to the broader societies that it serves.”