Today, 31 July 2023, BT Group announced the appointment of Allison Kirkby as Chief Executive Officer. You will replace Philip Jansen by the end of January 2024 at the latest.
Early in her career, between 1990 and 2010, Kirkby held a variety of finance and operational roles at Procter & Gamble and became a Chartered Management Accountant in 1990 at Guinness plc.
Later, specifically in 2010, Kirkby moved into the TMT industry, initially joining Virgin Media, and most recently from 2018 to 2020 she was President and CEO of TDC.
From 2015 to 2018, Kirkby served as President and CEO of Tele2 AB, a telecommunications company operating in Sweden and the Baltic countries, while, since 2020, he has held the position of President and CEO of Telia Company , a telephone operator also based in Sweden.
Prior to his appointment as Chief Executive Officer, Kirkby held the position of non-executive director within BT Group.
Philip Jansen will continue to serve as Chief Executive Officer until the end of January 2024 at the latest, after which time Jansen and Kirkby will handover.
Jansen will retire from executive life by March 2024. A further announcement will follow to confirm Kirkby’s start date and delivery date.
BT Group is a British telecommunications company, which targets corporate and public administration customers, both in the United Kingdom and abroad, and private citizens.
In addition, BT Group operates two subsidiaries: Openreach and British Telecommunications plc. Openreach sells wholesale fixed access infrastructure services to its customers. BT Group plc is listed on the London Stock Exchange.
Allison Kirkby’s salary will be in line with that of the current Chief Executive Officer and with the directors’ compensation policy approved by shareholders on July 13, 2023.
Specifically, Kirkby will earn an annual salary of £1,100,000. In addition to this, you will receive an on-target annual bonus of 120% of salary (up to a maximum of 200%) related to the results obtained.
Half of the annual bonus paid will be paid in BT Group shares for a further three years without further performance conditions.
In addition, through a long-term restricted share scheme (RSP), he will benefit from 200% of his salary in the form of BT Group shares, paid in three equal tranches three, four and five years respectively after taking up the position of director delegate.
Finally, the first RSP bonus will be awarded soon after she becomes chief executive officer and Kirkby will have to hold all accrued shares until five years after the grant.
This article is originally published on mondomobileweb.it