British Gas owner CEO O'Shea's total pay jumps to 8.2 million pounds in 2023 [Reuters]
CENTRICA PLC S/ADR (CPYYY)
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Source: Reuters
March 26 (Reuters) - Centrica (CNA.L) , opens new tab CEO Chris O'Shea's total pay package in 2023 was 8.2 million pounds ($10.36 million), a jump of more than 80% from 2022, the British Gas owner's annual report showed on Tuesday. O'Shea's total remuneration in 2023 included bonuses and awards of about 7.3 million pounds. Centrica in February had hiked dividends by about 33% after annual profits surged last year, partly driven by one-off benefits as the government provided help for consumers struggling with high-energy costs and compensated energy suppliers for unpaid debts they could not recover. ($1 = 0.7914 pounds) The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Yadarisa Shabong in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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