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27 February 2013
Centrica announces that Phil Bentley, after a successful career lasting 12 years, will be stepping down from his role as Managing Director of British Gas, and Board Member of Centrica on 30 June 2013 and will leave the Company by 31 December 2013.
Phil Bentley will be leaving the Company in order to pursue his ambition to become a Chief Executive, recognising that this role is not currently available to him within the Centrica organisation.
During his career with Centrica, Phil Bentley has made a substantial contribution to the development of the business initially as Finance Director, and for the last six years, as Managing Director of British Gas. In his most recent role he has been instrumental in restructuring, reinvigorating and materially improving the performance of the business by raising customer service standards, lowering costs, increasing productivity and creating significant value from profit improvement.
In order to ensure the efficient running of the business and a smooth handover to his successor, the Board and Phil Bentley have agreed the following transitional programme:
The financial arrangements associated with his departure are as follows:
Current year reward structure
Pension arrangements and historic incentive awards accrued by Mr Bentley during his employment
Sir Roger Carr said; “The new organisational structure will position the Company for the next phase of growth; the Board and the Executive are grateful to Phil for all his considerable achievements at British Gas. He leaves the Company with the full support, appreciation and good wishes of both his Executive and Non Executive colleagues with whom he has enjoyed excellent working relationships throughout his time as a Board member”.
Phil Bentley said; “I have thoroughly enjoyed my 12 years at Centrica and wish the Company every continued success”.
Sir Roger Carr
Chairman, Centrica plc
Centrica Investor Relations: 01753 494900
Centrica Media Relations: 0800 107 7014
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