Manu Asthana is the President of Direct Energy Home, a business unit focused on serving the changing needs of residential customers across North America.
As President of Direct Energy Home, Manu is responsible for leading the largest residential energy and home services business in North America, with annual revenues of $3.5bn and 3,000 employees serving over 4m customers. He led the combination of Direct Energy's residential energy and services businesses to create DE Home, and has overseen the delivery of significant business transformation, resulting in 50% operating profit growth and 65% improvement in safety performance since the combination of the businesses three years ago.
Manu is a member of the Direct Energy Management Team, the Centrica Senior Leadership team and is proud to serve as the executive sponsor in North America of Spectrum, Centrica's LGBTQ+ employee resource group.
Manu has previously served as Head of Direct Energy Upstream where he was responsible for the continued formation and growth of the Direct Energy Midstream and Trading line of business. This position included responsibility for operations at Direct Energy's power generation units and continued growth of Direct Energy's Midstream & Trading line of business.
Before joining Direct Energy, Manu held several senior leadership positions with the TXU group of companies, including serving as the head of portfolio management and trading and as Chief Risk Officer for TXU Corporation. He was also a member of the transaction team that sold TXU to a group of private equity sponsors in what was the largest leveraged buy-out on record at the time of its consummation.
Manu currently serves on the Board of Directors of Child Advocates, an organization that recruits, trains and supports volunteers who provide a voice for children in foster care. He is also a member of the Board of Directors of the Houston Food Bank, America's largest food bank by distribution and #81 on Forbes list of the 100 largest US charities. Additionally, he serves on the Board of the Greater Houston Partnership.
Manu holds a bachelor's degree in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School at the University of Pennsylvania, where he was both a Joseph Wharton Scholar and a Benjamin Franklin Scholar. Manu and his wife, Aparna, live in Houston, Texas with their two children.