WEBWIRE – Tuesday, July 11, 2023
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: Weve made a lot of progress over the last four and half years and Im proud of what weve achieved to date. Were investing heavily in both BTs and the UKs future. Were 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 theres a lot more to do and I am fully committed to driving the business forward until I hand over to my successor.
About BT Group
BT Group is the UKs 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, visitwww.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 Groups Q1 FY24 results.
