BT Group PLC RESPONSE TO RECENT PRESS SPECULATION (3100O)
February 08 2016 - 2:00AM
UK Regulatory
TIDMBT.A
RNS Number : 3100O
BT Group PLC
08 February 2016
February 8, 2016
RESPONSE TO RECENT PRESS SPECULATION
BT Group plc (BT) notes the recent press speculation that Tony
Chanmugam, Group Finance Director, may step down later this year.
BT confirms that a search process has commenced to find a successor
but that no formal decision has been taken on a replacement or
around the potential timing of any change.
BT will make a further announcement if and when required.
-Ends-
For further information
Enquiries about this news release should be made to the BT Group
Newsroom on its 24-hour number: 020 7356 5369. From outside the UK
dial + 44 20 7356 5369. All news releases can be accessed at our
web site: http://www.btplc.com/News
About BT
BT's purpose is to use the power of communications to make a
better world. It is one of the world's leading providers of
communications services and solutions, serving customers in more
than 170 countries. Its principal activities include the provision
of networked IT services globally; local, national and
international telecommunications services to its customers for use
at home, at work and on the move; broadband, TV and internet
products and services; and converged fixed-mobile products and
services. Following the acquisition of EE on 29 January 2016, BT
consists principally of six customer-facing lines of business: BT
Global Services, BT Business, BT Consumer, EE, BT Wholesale and
Openreach.
For the year ended 31 March 2015, BT Group's reported revenue
was GBP17,979m with reported profit before taxation of
GBP2,645m.
British Telecommunications plc (BT) is a wholly-owned subsidiary
of BT Group plc and encompasses virtually all businesses and assets
of the BT Group. BT Group plc is listed on stock exchanges in
London and New York.
For more information, visit www.btplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 08, 2016 02:00 ET (07:00 GMT)
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