world news BT boss Gavin Patterson to step down
BT’s chief govt, Gavin Patterson, is to go away the telecoms large after 5 years within the publish.
The corporate stated it could have a successor in place within the second half of the 12 months, and Mr Patterson would stay in his publish till that point.
Mr Patterson has been at BT for 14 years, 10 of these as a board member.
Shares within the firm are at a six-year low. Final month, the corporate introduced an formidable restructuring.
BT chairman Jan du Plessis stated: “The board is absolutely supportive of the technique not too long ago set out by Gavin and his workforce.
“The broader response to our current outcomes announcement has, although, demonstrated to Gavin and me that there’s a want for a change of management to ship this technique.”
Mr Patterson stated: “It has been an honour to steer BT since 2013 and function a member of the board for the final 10 years.
“BT is a good enterprise and with the brand new administration workforce I’ve not too long ago put in place is, I imagine, very well-positioned to thrive sooner or later.”