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Centrica boss who said 'no point' justifying his salary sees pay nearly double

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The boss of British Gas owner Centrica, Chris O'Shea, who earlier this year said there is "no point" trying to explain his salary, saw his pay nearly double to close to £4 million last year.

His total pay in 2023 was £8.2 million, up from £4.5 million the previous year, according to the company's annual report released on Tuesday.

This includes a £810,000 salary, around £1.4 million in yearly bonuses and £5.9 million in longer-term bonuses based on the company's share price performance.

The biggest increase was in his long-term incentive payment, which went up from £2.3 million in 2022. About two thirds of this increase is a reward because the company's shares have gone up in value over the last three years.

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