Centrica Shareholders Approve CEO's £8.2M Pay Package Despite Controversy

Chris O'Shea's compensation nearly doubles amid rising energy prices and company profits, sparking debate on executive pay.

Centrica's CEO Chris O'Shea received £8.2 million in 2023, up from £4.5 million in 2022.
The pay package includes an £810,000 salary, £1.4 million annual bonus, and £5.9 million in long-term incentives.
90.1% of shareholders supported the pay deal despite advisory groups recommending a vote against it.
Critics argue the pay is excessive, especially as many households struggle with high energy bills.
Centrica's profits and share price have surged, largely due to external factors like rising wholesale energy prices.