Global site navigation

Local editions

UK telecoms firm BT announces exit of chief executive
Business and Economy

UK telecoms firm BT announces exit of chief executive

by  AFP 1 min read
BT in May said it would axe up to 55,000 jobs, or 42 percent of its workforce, in response to rampant inflation
BT in May said it would axe up to 55,000 jobs, or 42 percent of its workforce, in response to rampant inflation. Photo: CHRIS J RATCLIFFE / AFP
Source: AFP

Unlock the best of Legit.ng on Pinterest! Subscribe now and get your daily inspiration!

British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55,000 jobs to slash costs.

"Philip Jansen has informed the board that at an appropriate moment over the next 12 months he intends to step down from his role," the group said in a statement.

Sky News said the British national was studying job opportunities in the United States.

Jansen has held the top job for more than four years, during which time he oversaw a big push into high-speed broadband internet services.

BT in May said it would axe up to 55,000 jobs, or 42 percent of its workforce, in response to rampant inflation.

"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," BT chairman Adam Crozier said in the statement.

Read also

Senegal leader backs permanent African Union seat at G20

PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app!

"Whilst we are still in the early years of that transformation, we are on track to deliver."

Source: AFP

Authors:
AFP avatar

AFP AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quoted in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.

Hot: