The managing director of British Gas is jumping ship to become the CEO of temporary power services firm Aggreko.
Chris Weston who took over from Phil Bentley just one and a half years ago handed in his resignation, parent company Centrica announced today.
It’s one of three departures expected from the upper ranks of the UK’s largest energy supplier, with finance director Nick Luff set to go to Reed Elsevier while speculation is rife that Centrica CEO Sam Laidlaw may also be on the way out.
British Gas has suffered from poor public opinion levels, along with the other Big Six energy suppliers, losing 180,000 customers to smaller rivals since the start of the year.
Energy Secretary Ed Davey has even mulled over the idea of breaking up British Gas if regulators thought it was a “monopoly power”.
Mr Weston may have had his eye on the move for a while. In a statement for the firm today, he described it as a “fascinating business”, adding: “I have watched and admired Aggreko’s tremendous growth over recent years and I look forward to working with Carole [Cran, Aggreko CFO] and the entire management team to develop the company further in the coming years.”
Previously Mr Weston was Managing Director of British Gas Business between 2002 and 2005.
He also served in the Royal Horse Artillery of the British Army for seven years and has a PhD from Imperial College, London.
Sam Laidlaw, Centrica CEO said: “Chris has made an important contribution to Centrica over 11 years, leading a number of our businesses, in the UK and North America. We will be sorry to see him leave but recognise that Aggreko offers a great opportunity for him.”