Ex-British Gas boss Bentley lands top job at C&W Comms
Phil Bentley, the former British Gas boss who quit - with shares, bonuses and a pension pot worth £15 million - because he wanted to be a chief executive today won just that role.
Bentley was named as chief executive of Cable and Wireless Communications, the telecoms group demerged from its UK network three years ago.
After 140 years as a British company, CWC in May set out plans to relocate its headquarters from Holborn to Miami in Florida, transferring about 100 jobs to the US, including that of the boss.
But current chief executive Tony Rice has decided he doesn’t want to move to Florida, CWC said, and Bentley does.
Bentley, former managing director of British Gas, was previously head of Europe and finance director at Centrica, the domestic energy supplier’s parent. But he quit in February after it became clear he wasn’t going to get the chief executive role, due to Centrica’s boss Sam Laidlaw staying put.
Bentley had a comfortable departure, however: although his job ended in July, Centrica agreed to pay his basic salary of £635,000 until the end of this year.
It said that if Bentley secured a new job all remuneration will cease at that time. But since Bentley officially starts at CWC on 1 January, he looks set to secure his full payment from Centrica.
Sir Richard Lapthorne, chairman of CWC, said: “I am delighted to have attracted someone of Phil Bentley’s calibre to lead the company.
“Phil demonstrated his leadership skills at British Gas, combining strong operational capability with a real focus on customer value.”
That “customer value” might be doubted by British Gas households, who saw Bentley preside over a string of above-inflation hikes that made average bills nearly double to more than £1,300 a year.
- 1 Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
- 3 A pint of water every day is the key to losing weight, scientists say
- 4 Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
Nazi gold train: 'Significant' discovery made in Poland
Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Carol Vorderman reveals she is 'covered in burns' after she fell off her treadmill while running naked
TTIP controversy: The European Commission and Big Tobacco accused of cover-up after heavily redacted documents released
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
iJobs Money & Business
£13000 - £25000 per annum: Recruitment Genius: Would you like to be part of a ...
£20000 - £25000 per annum + competitive: SThree: Are you passionate about sale...
£25000 per annum + benefits: Ashdown Group: A large financial services company...
£20400 per annum: Ashdown Group: An established and highly reputable organisat...