BT chief executive to step down

It comes just months after the business revealed plans to cut as many as 55,000 across the company by 2030, citing the need for a lender business as well as the impact of artificial intelligence.

BT’s board of director said Jansen informed them that he would step down at “an appropriate time moment” over the next 12 months, with the firm’s Nominations Committee of the Board conducting a formal succession process.

BT Group’s chairman Adam Crozier 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.”