Bulb boss Hayden Wood to step down from collapsed energy firm

CEO and co-founder will leave at end of July, having still received 250,000 salary despite taxpayer bailout

The chief executive and co-founder of the collapsed energy firm Bulb will leave at the end of July, having continued to receive a six-figure salary while the firm was being propped up by billions in taxpayer loans.

Hayden Wood is leaving Britain's seventh biggest energy supplier, which has about 1.5 million customers, as the government continues to seek a buyer to save Bulb.