Monday, April 19, 2021
Home Business BT denies boardroom rift was behind chairman's resignation | BT

BT denies boardroom rift was behind chairman’s resignation | BT

BT has denied {that a} boardroom rift was behind the resignation of its chairman final week, after a report urged its chief government had threatened to step down until Jan du Plessis was changed.

The telecoms firm has countered claims that Plessis’ plan to retire from the position after simply three years was linked to a bust-up with Philip Jansen, who was reportedly pissed off on the tempo of change at BT below the chairman’s management.

In a market announcement, BT mentioned: “There was no misalignment between the board and government administration over the corporate’s technique.”

It comes after Sky Information, citing sources, mentioned the chief government was able to resign himself until Plessis was changed by somebody who was extra swift in executing BT’s technique.

“The chairman all through his tenure has demonstrated sturdy management of the corporate, been extraordinarily supportive of administration and any suggestion that he has impeded the transformation of BT is with out basis,’” BT mentioned. “We’re very sorry he shall be leaving.”

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Jansen needs to speed up BT’s shift to fibre broadband and 5G networks. He has additionally mentioned the potential of promoting a stake in Openreach, which controls a lot of the UK’s broadband community, saying final 12 months he was “open minded” a few partial sale as soon as a regulatory overview into full-fibre networks has been accomplished subsequent 12 months.

Plessis, who employed Jansen from WorldPay the place he was co-chief government, introduced his departure on 1 March, regardless of having reportedly requested Jansen to rethink.

The chairman will retire from the £700,000-a-year position as soon as a successor is discovered later this 12 months. Plessis is well-known throughout company Britain, having chaired Rio Tinto, SAB Miller and British American Tobacco. He has additionally served on the boards of Lloyds and Marks & Spencer.

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