The board of directors of BT Group announced that Chief Executive Philip Jansen has informed the Board that he intends to step down from his role in the next 12 months. In preparation for this, the Nominations Committee of the Board has been conducting a formal succession process.
Adam Crozier, BT Group Chairman said, “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.”
“We’ve made a lot of progress over the last four and half years,” Jansen said, “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 11 million homes with fiber, have got 5G service to 68 percent 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.”
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