Royal Dutch Shell is preparing to appoint Colin Crooks as chief executive of First Utility when its deal for Britain’s largest independent household energy supplier is completed. The 51-year-old, who joined Shell in 1992, is understood to have been named internally at the oil major as the executive to oversee its move into the household supply market. Shell is understood to have spent about $200 million on buying First Utility, a deal that the companies expect to finalise in the first quarter of the year. The supplier has about 800,000 household customers and Shell has said it intends to expand the business significantly, using its network of 1,000 petrol forecourts to help to sign up more customers, as it increases its exposure to the electricity market.
Times 1st March 2018 read more »