29 May 2014 - Aggreko, the world leader in the provision of power generation and temperature control services, is pleased to announce the appointment of Chris Weston as Chief Executive Officer.
Chris has extensive experience in senior leadership roles in world-class businesses. He is currently Managing Director, International Downstream at Centrica plc, where he is an Executive Director running the Group’s largest division. In this role Chris is operationally responsible for both British Gas in the UK and Direct Energy in the USA, with revenues of £22bn, profits of £1.3bn and over 35,000 employees.
He joined Centrica in 2001 after a successful career in the telecoms industry, working for both Cable & Wireless and One.Tel. Before that, Chris served in the Royal Artillery before earning a BSc in Applied Science, as well as an MBA and PhD from Imperial College London.
He is expected to join Aggreko next year once he has completed his commitments at Centrica.
Angus Cockburn, Aggreko’s Interim CEO, will continue this role. Angus had previously indicated to the Board that he had decided not to apply for the role on a permanent basis and that, after 14 years at Aggreko principally as CFO, he was keen to seek fresh challenges. Accordingly, he will step down from the Group later in the year.
Aggreko is also pleased to announce that Carole Cran, currently Interim CFO, is appointed as Chief Financial Officer and Executive Director of Aggreko plc and will join the Board with immediate effect. Carole joined Aggreko in 2004 and has worked closely with Angus Cockburn as Group Financial Controller and more recently as Director of Finance.
Commenting on the announcement, Ken Hanna, Chairman of Aggreko, said: “I am delighted to welcome Chris to Aggreko on behalf of all the Board and the Company. Chris brings senior experience of the energy industry and proven leadership skills in a large international business. He has consistently succeeded in driving performance and growth in his career and we believe he has the skills and vision to continue Aggreko’s growth and lead the Group to the next level.
“In addition I would like to thank Angus Cockburn so much for the immense contribution he has made to Aggreko over the last 14 years. We can understand his desire to seek a fresh challenge and wish him every success in his future career. He has an extremely able successor in Carole Cran who has many years of experience with the Group.”
Chris Weston said: “Aggreko is a fascinating business and I’m very excited to be taking on this role. I have watched and admired Aggreko’s tremendous growth over recent years and I look forward to working with Carole and the entire management team to develop the company further in the coming years.”