BT's Bold Move

BT, the renowned telecoms giant with over 170 years of history, has achieved a historic milestone by appointing Allison Kirkby as its first female chief executive. She will take over from Philip Jansen upon his retirement by the end of January next year. This transition comes at a critical time as BT focuses on driving digitalization efforts for future growth.

BT's current Chief Executive, Philip Jansen, will remain at the helm until the end of January, and may extend support during the handover until March. An upcoming announcement by BT will specify the precise start date of Allison Kirkby's tenure as her successor.

Bolstering Female Leadership in FTSE 100

Allison Kirkby's appointment as the Chief Executive of BT marks a significant milestone for female representation in the FTSE 100 Index. With her inclusion in this esteemed group, the FTSE 100 now showcases an even stronger presence of women at the helm. This development comes in the wake of the departure of respected female executive Alison Rose from NatWest.

Notable female leaders continue to make their mark in the FTSE 100, including Amanda Blanc of Aviva, Jennie Daly at Taylor Wimpey, and Dame Emma Walmsley of GlaxoSmithKline.

Endorsement and Qualifications

BT's Chairman, Adam Crozier, praises Allison Kirkby, a proven leader with telecoms experience since 2010. Key roles at Virgin Media, TDC, and Procter and Gamble (P&G).

Kirkby's Vision for BT

As the newly appointed CEO of BT Group, Allison Kirkby is honored and excited to lead the company's digitalization efforts for future growth. She fully supports the existing strategy and eagerly anticipates driving the next phase of development.

Compensation and Incentives

In recognition of her significant responsibilities, Allison Kirkby will receive a competitive annual salary of £1.1 million along with accompanying benefits. Additionally, she is eligible for a potential annual bonus of up to £2.2 million and a further maximum of £2.2 million in long-term bonus share awards each year, contingent on her performance.

Retirement Plans and Company Strategy

Philip Jansen's retirement aligns with BT's plan to cut 55,000 jobs (40% of its workforce) by the decade's end. This move aims to enhance tech capabilities through AI, promote app usage, and complete nationwide ultrafast broadband and 5G rollout via Openreach, affecting about 35,000 jobs.