Centrica embarks on corporate shake-up

Centrica has restructured the company and promoted group marketing director Simon Waugh to the new role of deputy managing director for British Gas.

The changes, effective from January 1, 2002, will result in Centrica-owned British Gas and the Automobile Association (AA) working as separate units. But Waugh will continue to have marketing control over both organisations. According to the company, there will be no redundancies.

British Gas Trading managing director Mike Alexander will take up the new role of chief operating officer, to develop an overarching business strategy for the two brands.

Lloyds TSB senior group adviser Eric Stobart has been appointed managing director of Goldfish, Centrica’s banking arm, which is run jointly with Lloyds TSB.

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