BT Group announces that Chief Executive Gavin Patterson will be stepping down later in the year and that the Board has commenced a search to identify his successor.
The Board expects to have a successor in place during the second half of the year and until such time Gavin will continue to serve as Chief Executive.
Jan du Plessis, Chairman, BT said, “Gavin has been with BT for just over 14 years and I want to thank him for his contribution to our business during that time, in particular during the almost five years that he has served as Chief Executive.”
“The Board is fully supportive of the strategy recently set out by Gavin and his team. The broader reaction to our recent results announcement has though demonstrated to Gavin and me that there is a need for a change of leadership to deliver this strategy,” commented Plessis.
Gavin Patterson, Chief Executive, BT said, “It’s been an honour to lead BT since 2013, and serve as a member of the Board for the last 10 years. Throughout that time I’ve been immensely proud of what we’ve achieved, in particular the transformation of the business in recent years with the launch of BT Sport, the purchase and integration of EE, and the agreement to create greater independence for Openreach. That, combined with the critical expansion of our superfast broadband network to 27 million customers, and our stated ambition to reach 10 million homes with ultrafast broadband by the mid-2020s have fundamentally repositioned the company.”