BT’s Board Still Divided on Pace of Change After Chairman Quits
- Divisions behind BT chair’s earlier-than-expected departure
- BT faces big decisions on capital allocation in coming months
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BT Group Plc’s board remains divided following the unexpected resignation of Chairman Jan du Plessis, with the two camps mainly at odds over the pace of changes needed at the company.
One group of directors, including Chief Executive Officer Philip Jansen, wants BT to accelerate decisions around its nationwide broadband network Openreach, as well as restructuring, while other board members want more certainty around external issues such as regulation, according to people familiar with the matter. BT is studying how to get the best return on investment, including the merits of sharing infrastructure with rivals and external sources of capital, one person said.