Britain's telecoms giant, BT Group PLC (OTCPK: BTGOF), disclosed the appointment of Allison Kirkby as Chief Executive, effective the end of January 2024 at the latest.
Allison Kirkby has served Telia Company AB (OTC:TLSNF) (OTC:TLSNY) as the president and CEO since early 2020. Before that, she worked at several well-known telecommunication companies.
Allison Kirkby has been a Non-Executive Director at BT Group since 2019.
Earlier this month, BT Group's current CEO, Philip Jansen, informed the Board of stepping down from the position at 'an appropriate moment' over the next 12 months.
Philip Jansen will continue to serve as Chief Executive until the end of January 2024 at the latest. When Philip Jansen steps down, he will hand over to Allison. He will be available to support the handover until the end of March 2024, at which point he intends to retire from executive life.
The company plans further announcement to confirm Allison Kirkby's start date and the handover date.
Price Action: BTGOF shares closed higher by 7.05% at $1.67 on Friday.