Ian Plenderleith took over as the head of the International Energy Group in 2017.
In recent months the firm has faced criticism after imposing a 6.5% price rise during the coronavirus outbreak. It said it had no alternative but to increase prices after being excluded from the government’s Covid-19 co-funding payroll scheme.
The firm claimed that it needed the financial support as it had suffered a significant drop in revenue when hospitality businesses – one of its biggest customer groups – closed during lockdown.
The government said that Jersey Gas had failed to provide financial information about whether Isle of Man-based International Energy Group, or IEG’s owners, a private equity fund, had enough money to pay its Jersey-based employees.
A company spokesperson declined to comment on whether Mr Plenderleith’s departure was connected to the firm’s recent problems.
She said: ‘We can confirm that Ian Plenderleith has stepped down as chief executive of the International Energy Group.
‘A replacement has been appointed in the Isle of Man and further information relating to his successor will be announced at the start of next week.’
The Jersey Consumer Council recently said that some vulnerable Islanders may struggle to heat their homes next year following the price rise.