T’s first female chief executive will start in her job in less than a month. Allison Kirkby replaces Philip Jansen at the telecoms giant on February 1.
Kirkby, who will earn £1.1million a year plus an annual bonus worth as much as double her salary depending on the firm’s performance, steps in at a time of significant change at BT.
The business is rapidly rolling out ultrafast full-fibre broadband across the UK, through its subsidiary Openreach, and 5G network.
It aims to complete the work by the end of 2026, when 25m homes and businesses will be connected.
Up to 55,000 roles are set to be cut across the business by 2030, once new networks take over from the old and as part of plans to digitise more processes.
Kirkby – a non-executive director of BT since 2019 – will also be tasked with executing a cost-saving target of £3billion by the end of 2025, introduced under Jansen.
BT shares gained 0.8 per cent yesterday. MSN