By Ian Walker
LONDON--Centrica PLC (CNA.LN) said Friday that Chris Weston, who
is responsible for the energy company's British Gas and Direct
Energy businesses, will leave the group on Dec. 31 to take up his
role as Chief Executive of temporary power provider Aggreko PLC
(AGK.LN).
Ian Peters, currently Managing Director British Gas Residential
Energy, will become Managing Director British Gas, responsible for
Residential Energy, Services and British Gas Business, on an
interim basis while the company looks for a permanent replacement
for Mr. Weston, Centrica said. He will take on the temporary role
from Dec. 1.
Mr. Weston will retain normal benefits up until he leaves.
However, no bonus or further payments will be made to him and he
will forfeit all future unvested benefits under the company's long
term incentive arrangements, the company said.
Mr. Peters joined Centrica in 2002 from the financial services
sector, taking up the role of Managing Director British Gas
Business in 2005, and Managing Director British Gas Residential
Energy in 2011.
Mr. Weston announced back in May that he would be leaving the
group to become chief executive of Aggreko.
Separately Aggreko confirmed Mr. Weston will join the group on
Jan. 2, 2015.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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