Chief executive Iain Conn faced more questions over his £3 million pay package, with Centrica the first major company to host a shareholder meeting since the revolt over BP chief executive Bob Dudley’s pay last week.
Conn said: “We continue to make good progress in implementing our strategy. With improving levels of customer service, good operational performance, lower costs and the launch of new products to help customers manage their energy usage, we remain on track to deliver against our 2016 targets.”
He added that 800 of this year’s planned 3000 job cuts had taken place, with a further 3000 going in 2017. The shares fell 6.6p to 231.7p.
