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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bt Group Plc | LSE:BT.A | London | Ordinary Share | GB0030913577 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30 | 0.29% | 105.00 | 105.30 | 105.40 | 105.70 | 104.30 | 105.30 | 23,300,181 | 16:35:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Phone Comm Ex Radiotelephone | 20.92B | 1.91B | 0.1916 | 5.50 | 10.48B |
From Apr 2019 to Apr 2024
By Adria Calatayud
BT Group PLC (BT.A.LN) said Friday that Chief Executive Gavin Patterson will step down later in the year, after five years in the role, and that it has started a search for a successor.
News of Mr. Patterson's departure comes less than a month after the U.K. telecommunications company launched its largest restructuring in a decade, with plans to cut 13,000 jobs. BT said its board remains fully supportive of the strategy recently set out by Mr. Patterson and his team.
"The broader reaction to our recent results announcement has demonstrated to Gavin and me that there is a need for a change of leadership to deliver this strategy," BT Chairman Jan du Plessis said.
BT said Mr. Patterson will continue as CEO until the company has a successor in place, which is expected to happen in the second half of the year.
Write to Adria Calatayud at adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
June 08, 2018 02:33 ET (06:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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