Why British Gas CEO Iain Conn simply had to go

Inside Business: Conn couldn’t control wholesale energy markets, to which the company’s profits are hostage, but there’s a lot that he could have done better

Centrica CEO Iain Conn has ‘agreed with the board’ to step down (PA)

Surprising though it may seem, Iain Conn, the boss of British Gas owner Centrica, found at least some sympathy after having “agreed with the board” to stand down.

He really didn’t deserve it.

The CEO’s departure was announced after the company slashed – “rebased” in corporate speak – its dividend payout by more than 50 per cent.