08 January 2013

Hot and bothered?

It's a tough old life, being a gas chief.  The Guardian reports:

The managing director of British Gas is set to leave the business with a pension pot, shares and basic salary worth more than £10m, amid public and political disquiet over soaring household bills.
Phil Bentley, who oversaw a 6% increase in bills this winter, is expected to confirm that he is stepping down this year. He is believed to harbour ambitions to become a company chief executive in his own right.
According to the annual report of Centrica, the parent of British Gas, Bentley has an interest in just under 2m Centrica shares, worth £6.65m at closing share price. The 53-year-old executive is also expected to depart with a year's basic salary, which came to £635,000 in 2011, along with his £3.6m pension pot.
Bentley joined Centrica as finance director in 2000 and was handed his British Gas role in 2007. Centrica declined to comment on Bentley's imminent departure.

At least, he won't have to worry about paying his fuel bills ...


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