Powered by
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

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox