Home Business News Centrica chief to step down

Centrica chief to step down

by LLB Reporter
30th Jul 19 9:46 am

The chief of British Gas owner Centrica, Iain Conn is to step down from his role next year as the company overhauls their strategy.

Centrica chairman Charles Berry said, “Iain has led the strategic repositioning of Centrica since 2015 and has been the driving force behind our plan to turn Centrica into a sustainable business that is built around delivering clean, affordable energy and high-quality services and solutions for our customers, and to respond to the significant global challenge of moving to a lower carbon energy future.

“Iain has now agreed with the board that, while he will continue to focus on driving this transformation, including pursuing the announced divestments and continuing to drive performance and efficiency, he will also support an orderly succession before stepping down in due course.”

In April Conn faced criticism from unions over his 44% pay rise as the company had announed in the same year job cuts affecting up to 4,000 people.

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