BT has begun a formal succession process as CEO Philip Jansen tells the board he will exit the company at an appropriate moment over the next 12 months.
Chairman Adam Crozier states that candidates are being evaluated and an update will be given over the course of the summer.
He states: “The succession process to replace Philip is something that the Board was well prepared for.”
Jansen took the helm at BT in 2019 and has since led heavy investment into the company’s fibre rollout.
He said: “We have now passed over 11m homes with fibre and have got 5G service to 68% of the country.”