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BT chief executive to step down this year

Jun 8, 2018 - Associated Press Financial Wire
Board and Executive Moves

LONDON (AP) - British telecommunications company BT Group says its CEO, Gavin Patterson, will step down this year amid shareholder discontent about the lagging share price.

Patterson, who served 14 years at the company, five of which as CEO, will stay at the company until BT has appointed his successor.

Laith Khalaf, a senior analyst at financial services firm Hargreaves Lansdown, noted that BT's share prices is at a six-year low, having since 2016 been "pretty much always on a downw

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