BT Group says Allison Kirkby will replace Philip Jansen as the CEO

July 31, 2023 09:01 AM PDT | By Invezz

BT Group says Allison Kirkby will replace Philip Jansen as the CEO — Image source: Invezz

Kirkby will join BT Group early next year

On Monday, the multinational said Kirkby will replace Philip Jansen as its CEO early next year.

Kirkby is currently serving as the Chief Executive of Telia Co and have held top roles in other telecommunication companies like Tele2 and TDC as well. In the press release this morning, she said:

Thanks to the significant investment BT is putting into digital infrastructure and in the modernization of its services, I see us playing an even more important role going forward.

Kirkby will keep her position at Telia until January 31^st, 2024 at the latest. She’s agreed to an annual salary of £1.1 million at BT Group.

Kirkby is not new to BT Group

Note that Allison Kirkby has been with BT Group as a non-executive director since 2019.

The announcement arrives just weeks after Philip Jansen revealed plans of stepping down as Invezz reported here. BT stock hasn’t been performing all that well under his leadership.

In less than four months, it’s lost nearly 25% even though the British firm revealed plans of lowering its headcount by 55,000 by the end of this decade. CEO Jansen also launched the roll-out of a national fibre network this year.

Last week, BT Group said its reported pre-tax profit was up 11% in the three months to June 30^th. Wall Street currently has a consensus “overweight” rating on the BT stock.

The post BT Group says Allison Kirkby will replace Philip Jansen as the CEO appeared first on Invezz.

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