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British Gas lines up Chris Weston as new boss British Gas lines up Chris Weston as new boss
(about 3 hours later)
The UK's biggest energy supplier, British Gas, plans to appoint Chris Weston as its new managing director.The UK's biggest energy supplier, British Gas, plans to appoint Chris Weston as its new managing director.
Centrica, which owns British Gas, said it was proposing Mr Weston, the current head of Centrica's US retail gas business, to succeed Phil Bentley. href="http://www.investegate.co.uk/centrica-plc-(cna)/bus/response-to-press-speculation/20130215083600Z3486/" >Centrica, which owns British Gas, said it was proposing Mr Weston, the current head of Centrica's US retail gas business, to succeed Phil Bentley.
If approved by the board, it will be formally announced alongside Centrica's financial results on 27 February.If approved by the board, it will be formally announced alongside Centrica's financial results on 27 February.
There has been speculation in the past month that Mr Bentley would step down amid public anger over rising bills. The company has denied reports that Mr Bentley is leaving because of a boardroom rift.
But it is understood that Mr Bentley had wanted to pursue a chief executive role and that was not going to be possible at Centrica.
British Gas has about 16 million customers in the UK.British Gas has about 16 million customers in the UK.
Mr Bentley had spent six years in the post of managing director. The exact details of Mr Bentley's departure, after six years as managing director, have not yet been announced.
Unconfirmed newspaper reports suggested last month that he could leave with a total package, including shares and a pension, worth somewhere between £6m and £13m.