Skip to main contentSkip to navigation Close dialogue1/1 Next image Previous image Toggle captionSkip to navigation Chris O’Shea, the chief executive of British Gas owner Centrica. Photograph: Andrew Milligan/PA View image in fullscreen Chris O’Shea, the chief executive of British Gas owner Centrica. Photograph: Andrew Milligan/PA Centrica boss to get £3.6m bonus despite sharp fall in profitsChris O’Shea will receive a total of £4.7m despite British Gas owner suffering a shareholder rebellion The owner of British Gas will hand its chief executive, Chris O’Shea, another salary increase despite a shareholder rebellion over its decision to raise his pay last year while households faced record levels of energy debt.O’Shea will receive £4.7m for 2025 after Centrica increased his base salary from £855,000 to £1.1m. He will also receive a £1.4m bonus – half in shares, which vest in three years – and £2.2m from the company’s long-term investment plan.The second consecutive pay increase has come despite nearly 40% of Centrica’s shareholders voting against the board’s pay plans at the energy company’s annual investor meeting in Manchester last year.O’Shea faced rising criticism after his pay packet ballooned to about £8m in 2023, as many UK homes fell into fuel poverty during the energy crisis and the government was forced to spend billions to cover the surge in energy costs and prevent an…
Published: February 19, 2026 3:10 pm
Source: The Guardian — Read original