Current CEO at BT Philip Jansen has announced that he intends to step down from his role at the telco within the next 12 months.
In a statement, BT said Jensen informed the board that he will step down at an “appropriate moment” over the coming year. BT has begun the formal hunt for Jansen’s successor, with Adam Crozier, BT Group Chairman commenting, “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 took over the role of CEO at BT in February 2019, moving on from his previous position of CEO at Worldpay.
Jansen said of his decision, “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 UK’s future. We’re 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 there’s a lot more to do and I am fully committed to driving the business forward until I hand over to my successor.”