Blueprint
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
Date of
Announcement: 08 June
2018
BT Group plc
(Translation
of registrant's name into English)
BT
Group plc
81 Newgate
Street
London
EC1A 7AJ
England
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F..X...
Form 40-F
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
This
announcement contains inside information
8 June,
2018
BT CHIEF EXECUTIVE SUCCESSION PLANNING
BT
Group today announces that Chief Executive Gavin Patterson will be
stepping down later in the year and that the Board has commenced a
search to identify his successor. The Board expects to have a
successor in place during the second half of the year and until
such time Gavin will continue to serve as Chief
Executive.
Jan du
Plessis, Chairman of BT said: "Gavin has been with BT for
just over 14 years and I want to thank him for his contribution to
our business during that time, in particular during the almost five
years that he has served as Chief
Executive."
"The
Board is fully supportive of the strategy recently set out by Gavin
and his team. The broader reaction to our recent results
announcement has though demonstrated to Gavin and me that there is
a need for a change of leadership to deliver this
strategy."
"To
that end a number of concrete initiatives have already been
launched and Gavin's commitment to continue to lead the business
during this transition phase will provide invaluable continuity.
While BT is a very demanding business, with multiple stakeholders,
we do have significant opportunities ahead of us. I am confident
that, for the remainder of his term, Gavin and his senior
management team will continue to display the energy required to
deal with every dimension of the task at hand."
Gavin
Patterson, Chief Executive of BT said: "It's been an honour to lead
BT since 2013, and serve as a member of the Board for the last 10
years. Throughout that time I've been immensely proud of what we've
achieved, in particular the transformation of the business in
recent years with the launch of BT Sport, the purchase and
integration of EE, and the agreement to create greater independence
for Openreach. That, combined with the critical expansion of our
superfast broadband network to 27m customers, and our stated
ambition to reach 10m homes with ultrafast broadband by the
mid-2020s have fundamentally repositioned the company. BT is a
great business and with the new management team I've recently put
in place, is I believe very well positioned to thrive in the
future."
- Ends
-
Notes to Editors
For the
remainder of his term as Chief Executive, Gavin will continue to be
paid on the same basis as disclosed in BT's 2018 Annual Report,
except that he will now not be receiving the 2018 Incentive Share
Plan award described in the Annual Report. When he steps down
as Chief Executive, he will be treated as a good leaver and be paid
strictly in accordance with the terms of his employment contract
and BT's remuneration policy, as approved by shareholders in 2017.
The Company will publish further details in due course on its
website, www.btplc.com
The
person responsible for making this announcement is Dan Fitz, BT's
Company Secretary.
For further information:
Enquiries
about this news release should be made to the BT Group Newsroom 020
7356 5369. From outside the UK dial + 44 20 7356 5369. All
news releases can be accessed at our web site.
You can also subscribe to receive all BT announcements here and you
can follow us on Twitter here.
About BT
BT's
purpose is to use the power of communications to make a better
world. It is one of the world's leading providers of communications
services and solutions, serving customers in 180 countries. Its
principal activities include the provision of networked IT services
globally; local, national and international telecommunications
services to its customers for use at home, at work and on the move;
broadband, TV and internet products and services; and converged
fixed-mobile products and services. BT consists of four
customer-facing units: Consumer, Enterprise, Global Services and
Openreach.
For the
year ended 31 March 2018, BT Group's reported revenue was
£23,723m with reported profit before taxation of
£2,616m.
British
Telecommunications plc (BT) is a wholly-owned subsidiary of BT
Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on stock exchanges in London
and New York.
For
more information, visit www.btplc.com
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
BT Group plc
(Registrant)
By: /s/
Dan Fitz, Company Secretary
--------------------
Dan
Fitz, Company Secretary.
Date
08 June 2018