Stephen Hester to join Scottish Gas owner's board
The firm said that Hester, who is now the boss of More Than insurer RSA, will become a non-executive director from the start of next month and serve on its nominations and audit committees.
Centrica chairman Rick Haythornthwaite said: “His wide-ranging commercial experience, particularly in customer-facing businesses, together with his recognised expertise in transforming performance will be of significant benefit to the board as we implement our strategy.
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Hide Ad“In addition, Stephen brings a broad understanding of financial services and FTSE 100 businesses, together with a deep knowledge of operating within highly regulated businesses.”
Hester was chief executive of bailed-out RBS between 2008 and 2013, and in a departing memo to staff said the lender had been “close to the point of collapse” when he took on the top job. The bank is now headed by Ross McEwan.