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Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity ...
The company was sold to Centrica in 2009 after a hostile takeover for £1.3 billion. Management fought for the company as they believed it was valued higher than the 845p a share offer. The chairman of Centrica at the time was William Samuel Laidlaw. Centrica's share price subsequently collapsed as they were unable to successfully deliver ...
In 2018, Conn received a pay of £2.4 million which is a 44% increase from the income (£1.68 million) of 2017 despite Centrica losing 742,000 customers and terminating around 4000 employees. In July 2019 Centrica announced Conn would be stepping down from his post and retire from the company's board in 2020.
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On 17 February 1997, Centrica was formed, with BG Group (former British Gas exploration). On 1 January 2002 Mark Clare took over as managing director of British Gas Residential Energy. [4] From became chief operating officer of Centrica on 1 January 2002, leaving at the end of February 2002.
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In 2023, Centrica posted year-end profits of over £3 billion and O'Shea faced calls to forego his bonus again eventually settling for a package of over £4 million. [ 8 ] [ 9 ] In January 2024, O'Shea gave an interview to BBC Breakfast , in which he said of his pay of £4.5 million in 2022: "You can't justify a salary of that size.
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