Centrica just appointed Mark Hodges as the new MD of British Gas.
Hodges is set to begin his new role onĀ 1 June and will also join the Centrica board.
Iain Conn, Centricaās chief executive, said:Ā āHe [Hodges] brings substantial experience of running a major UK customer-facing business and has a strong track record in improving customer service, increasing performance and driving growth through innovation. British Gas will benefit significantly from these capabilities,ā Conn said. āMark is ideally suited to lead the business in this next phase.ā
Mark Hodges, MD, British Gas
Here are four key facts about Mark Hodges:
1. Hodges has no experience in the energy sector. He worked Ā as a senior executive in Aviva for 20 years. In 2011, he left Aviva to become chief executive of Towergate.
2. Hodgesā annual salary will be Ā£625,000. His bonus is expected to be twice that figure.
3. Hodges will receive up to 300% of his salary each year in shares under a long-term incentive plan.
4. On June 1, Hodges will replace interim managing director Ian Peters. Peters will then be appointed director of customer facing strategy.
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