British Gas boss Chris Weston will be the third senior member of staff to have announced his departure from the company in a mere matter of months.
The former chief executive will be leaving his role of 15 months to join fellow power provider Aggreko. The announcement comes shortly after British Gas’ parent company Centrica lost its chief executive Sam Laidlaw, and its finance director Nick Luff.
Laidlaw took his leave from the company after months of speculation regarding his role. Luff, meanwhile, has left to join multinational publishing company Reed Elsevier.
On the announcement of Weston’s departure, BBC Business editor said, “To lose one senior executive might be considered a misfortune. Two might be considered careless. To lose three is moving a business into the realms of messy.” The news has certainly threw uncertainty on the health and state of energy behemoth Centrica.
It is not yet clear what triggered Mr. Weston’s decision to leave British Gas to join Aggreko, but Centrica has said an official announcement of his departure will be made in “due course”, after his successor has been appointed. Weston joined Centrica in 2001 and became a managing director of its international downstream business (which includes British Gas and Scottish Gas) in February 2013.
Mr. Laidlaw said that Weston had made “an important contribution to Centrica” over the 11 years of his time there, leading a number of its businesses in the UK and North America.
Weston’s leave will no doubt be coming at an un-sturdy time for Centrica and British Gas, as all six of the UK’s big energy companies are coming under close scrutiny from the government. As wholesale energy prices drop, the government, the public and industry regulators are questioning why suppliers have failed to lower their consumer prices as well.
Despite the price of wholesale energy being at its lowest price since 2010, British Gas actually raised the price of its dual-fuel customers by 9.2% last November.