BT Group PLC Chief Executive succession process (4553F)
July 10 2023 - 2:00AM
UK Regulatory
TIDMBT.A
RNS Number : 4553F
BT Group PLC
10 July 2023
10 July 2023
Chief Executive succession process
The board of directors (the "Board") of BT Group plc ('BT
Group") announces that Chief Executive Philip Jansen has informed
the Board that at an appropriate moment over the next 12 months he
intends to step down from his role.
In preparation for this, the Nominations Committee of the Board
has been conducting a formal succession process.
Adam Crozier, BT Group Chairman said: "Philip has done an
excellent job in his time at BT and the Board is fully supportive
of our long-term strategy which he and his team are pursuing.
Whilst we are still in the early years of that transformation we
are on track to deliver.
The succession process to replace Philip is something that the
Board was well prepared for. All appropriate candidates are being
considered and we expect to be able to update the market on
progress over the course of the summer. In the meantime, it is
business as usual, and we are focused on executing our plans and
delivering for all our stakeholders."
Philip Jansen, Group Chief Executive said: "We've made a lot of
progress over the last four and half years and I'm proud of what
we've achieved to date. We're investing heavily in both BT's and
the UK's future. We're building like fury, have now passed over 11m
homes with fibre, have got 5G service to 68% of the country and our
customer service is much improved. This is creating a much stronger
BT Group which is starting to drive growth for both investors and
the UK. But there's a lot more to do and I am fully committed to
driving the business forward until I hand over to my
successor."
- Ends -
Enquiries
Press office:
Tom Engel Tel: +44 7947 711 959
Richard Farnsworth Tel: +44 7734 776 317
Investor relations:
Mark Lidiard Tel: 0800 389 4909
About BT Group
BT Group is the UK's leading provider of fixed and mobile
telecommunications and related secure digital products, solutions
and services. We also provide managed telecommunications, security
and network and IT infrastructure services to customers across 180
countries.
BT Group consists of three customer-facing units: Consumer
serves individuals and families in the UK; Business* covers
companies and public services in the UK and internationally;
Openreach is an independently governed, wholly owned subsidiary
wholesaling fixed access infrastructure services to its customers -
over 650 communication providers across the UK.
British Telecommunications plc is a wholly owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
*Business was formed on 1 January 2023 from the combination of
the former Enterprise and Global units. It commenced reporting as a
single unit from 1 April 2023, with pro forma reporting information
to be produced ahead of BT Group's Q1 FY24 results.
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END
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