Philip Jansen’s belief that he was the right man to revive BT’s fortunes led the outgoing chief executive to spend more than £7m on shares in the telecoms giant during his tenure. Yet his successor will inherit a business that has seen more than £10bn wiped off its market value over the past four years.
On Monday, the 56-year-old confirmed that he intends to stand down as chief executive, a role he has held since February 2019, with the chair, Adam Crozier, due to give an update on the hunt for a successor later in the summer.
