By Oliver Griffin

BT Group PLC (BT.A.LN) said Thursday that it has appointed Philip Jansen as its new chief executive, and that he will take over from Gavin Patterson in February.

The U.K. telecommunications company said Mr. Jansen will join the company and the board on Jan. 1 and will take over from Mr. Patterson from Feb. 1 after a handover period.

Mr. Jansen joins BT from Worldpay Inc. (WP), where he has been a co-chief executive with Charles Drucker since 2013, the company said.

BT said Mr. Jansen will receive a salary of 1.1 million pounds ($1.4 million) a year, fixed for five years. He will receive a cash allowance in lieu of pension of 15% salary and other benefits in line with the company's remuneration policy.

He will also be entitled to receive an annual bonus of up to 240% of salary subject to performance, BT said. A third of the bonus will be deferred into BT shares for a further three years.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

October 25, 2018 02:35 ET (06:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
BT (NYSE:BTY)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos BT.
BT (NYSE:BTY)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos BT.