TIDMBT.A
RNS Number : 6445H
BT Group PLC
31 July 2023
31 July 2023
BT Group announces the appointment of Allison Kirkby as Chief
Executive
BT Group plc ("BT Group") today announces the appointment of
Allison Kirkby as Chief Executive. She will take over from Philip
Jansen as Chief Executive around the end of January 2024 at the
latest.
Allison has been President & CEO of Telia Company since
early 2020. Telia, headquartered in Sweden, is the market leading
digital communications and telecommunications provider to 25
million customers across the Nordic and Baltic region. She moved
into the TMT sector in 2010, initially joining Virgin Media, and
was most recently President & CEO of TDC (2018-2020), the
largest telecommunications company in Denmark, and President &
CEO of Tele2 AB (2015-2018) the largest challenger
telecommunications company in Sweden and the Baltics.
Earlier in her career she held a number of financial and
operational roles at Procter & Gamble (1990-2010) and qualified
as a Chartered Management Accountant in 1990 whilst at Guinness
plc.
Allison has been a Non-Executive Director at BT Group since 2019
and is also a Non-Executive Director and member of the Audit
Committee of Brookfield Asset Management Limited.
Adam Crozier, BT Group Chairman said: "The Board is delighted to
have appointed Allison as our new Chief Executive. She is a proven
leader, with deep sector experience and a history of having
transformed businesses. I look forward to supporting her as we
drive our long-term strategy to transform BT Group, ensuring it
delivers for all our stakeholders."
Allison Kirkby said: "I'm incredibly honoured to have been
appointed as the next Chief Executive of BT Group. BT is such an
important company for the UK, and our many customers both in the UK
and internationally and is uniquely placed to help everyone benefit
from the rapid advances in digitalisation. Our products and
services have never been more important to how our customers live
and work, and thanks to the significant investment BT is putting
into digital infrastructure and in the modernisation of its
services, I see us playing an even more important role going
forward. Having been a member of the BT Group Board for the past
four years, I'm fully supportive of our strategy and am excited
about leading it into its next phase of development, as we grow to
support customers, shareholders and the UK economy."
Philip Jansen will continue to serve as Chief Executive until
the end of January 2024 at the latest. When Philip steps down, he
will hand over to Allison. He will be available to support the
handover until the end of March 2024, at which point he intends to
retire from executive life. A further announcement will follow to
confirm Allison's start date and the handover date.
In respect of the transition period, Adam Crozier said: "Philip
continues to lead the business very effectively as can be seen in
the good progress shown at our most recent financial results. Given
Allison is already on the Board, we are confident we will have an
orderly leadership transition and handover of
responsibilities."
Remuneration
Allison will be paid in accordance with the Directors'
Remuneration Policy approved by shareholders on 13 July 2023 and in
line with the current Chief Executive. Her remuneration will
therefore consist of:
A salary of GBP1,100,000 per annum.
A cash allowance in lieu of pension of 10% of salary and other
benefits in line with our Remuneration Policy.
An on target annual bonus of 120% of salary (with a maximum of
200%) subject to performance. Half of the annual bonus paid will be
deferred into BT Group shares for a further three years with no
additional performance conditions.
A long-term Restricted Share Plan ("RSP") award of 200% of
salary, which vests in three equal tranches three, four and five
years after grant. She is required to hold all vested shares until
five years after grant. Her first pro rata RSP award will be
granted soon after becoming Chief Executive.
Allison will be required to build a shareholding of 500% of
salary within five years.
- Ends -
Notes to Editors
Allison Kirkby biography
Allison has been President & CEO of Telia Company since
early 2020. Telia, headquartered in Sweden, is the market leading
digital communications and telecommunications provider to 25
million customers across the Nordic and Baltic region.
She moved into the TMT sector in 2010, initially joining Virgin
Media, and was most recently President & CEO of TDC
(2018-2020), the largest telecommunications company in Denmark, and
President & CEO of Tele2 AB (2015-2018) the largest challenger
telecommunications company in Sweden and the Baltics.
Earlier in her career she held a number of financial and
operational roles at Procter & Gamble (1990-2010) and qualified
as a Chartered Management Accountant in 1990 whilst at Guinness
plc.
Allison is also currently a Non-Executive Director and member of
the Audit Committee of Brookfield Asset Management Limited.
Philip Jansen remuneration
When he steps down as Chief Executive, Philip's leaver payment
will be in line with the Directors' Remuneration Policy as approved
by shareholders at this year's AGM. The Company will publish
further details in due course on its website, www.bt.com/about
Enquiries
Press office:
Ed Petter Tel: +44 7920 017 263
Alex Buckley Tel: +44 7501 236297
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: Business
covers companies and public services in the UK and internationally;
Consumer serves individuals and families in the UK; Openreach is an
independently governed, wholly owned subsidiary wholesaling fixed
access infrastructure services to its customers - over 650
communications 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
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