25 October 2018 – new CEO
As expected, BT has announced that Philip Jansen is to take over from Gavin Patterson as chief executive from 1 February 2019. Mr Jansen will be joining from Worldpay, the global payments services group, where he is currently joint CEO. He has been at Worldpay since 2013, taking it through flotation in 2015 and also its combination with Vantiv earlier this year. The appointment seems a positive step and with sentiment seemingly turning towards the group’s shares they remain a BUY.