BT Group CEO to Step Down

BT Group has begun the search for a new chief executive following the decision of Philip Jansen to step down in the next 12 months.

The nominations committee of the BT board has begun conducting a formal succession process, with an update on that progress expected this summer.

Chairman Adam Crozier noted: 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.”

Jansen noted: “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 U.K.’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 U.K. 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.”