The owner of British Gas has confirmed Chris O’Shea as its chief executive as it battles to revive the fortunes of Britain’s biggest energy supplier. Centrica said that the 46-year-old finance boss would take on the role with immediate effect, four weeks after appointing him to the post on an interim basis and nine months after Iain Conn, the former chief executive, agreed to resign. However, Mr O’Shea faces a baptism of fire as Centrica is confronted by the coronavirus pandemic that has sent oil prices tumbling and left customers struggling to pay bills. In the past two weeks the Scotsman has cancelled Centrica’s dividend, slashed costs and placed 3,800 staff on government-paid furlough.
Times 14th April 2020 read more »