Authorization

BT rings ex-Ofcom chief Carter about CEO role

By Mark Kleinman, City editor
BT Group has approached Lord Carter, the former Ofcom boss, about replacing Gavin Patterson as chief executive of Britain's largest telecoms company.
Sky News has learnt that Lord Carter, who currently runs the FTSE 100 exhibitions operator Informa, ‎has been sounded out in the last few weeks about the post.
The approach will come as little surprise to BT investors, given that the Labour peer has been on many analysts' lists of potential candidates since Mr Patterson's departure was announced in June.However, one friend of Lord Carter said on Tuesday that although he had been approached about the job, he was "not a candidate" and "not part of any [recruitment] process".While such remarks would appear to rule the former Ofcom chief out of the running for the BT job, the friend suggested that he might yet be persuaded to take it during the coming months.Jan du Plessis, the new BT chairman, is overseeing the search for a new chief executive, and is keen to announce an appointment by the end of October, according to people close to the company.Other candidates for the role include Olaf Swantee, the‎ former chief executive of EE, the mobile phone operator acquired by BT three years ago.Alison Kirkby, chief executive of Swedish telco Tele2, is also said to be in the frame as a possible successor to Mr Patterson.The decision to part ways with Mr Patterson after a five-year stint at the helm of the fixed-line and mobile telephony-to-IT services group came amid unrest expressed by some investors at the performance of BT's shares during the‎ last 18 months.
Over the last year, BT's shares have fallen by 23% as it has sought to deal with unexpected crises including an accounting ‎scandal at the Italian division of its global services unit.BT has also had to fight a series of protracted battles with Ofcom, the industry regulator‎, over issues including the separation of Openreach, its broadband infrastructure arm.In May, Mr Patterson announced plans to axe 13,000 jobs alongside symbolic moves including the departure from its long-serving London headquarters‎ as part of efforts to accelerate BT's modernisation.Appointing Lord Carter, who also previously ran NTL, the pay-TV company, would offer an attractive route to cementing the work that Mr Patterson has done repairing fractious relations with Ofcom.However, a major obstacle to him accepting the BT post would be the integration of UBM, the exhibitions group for which Informa paid €3.6bn little more than six months ago.
More from Business

Regulated rail fares to increase by maximum of 3.2% next year


Pound falls to fresh 14-month low against dollar


Amazon's 'misleading' one-day Prime delivery advert banned


Soaring FTSE 100 Chief executive officer pay a 'badge of national shame'


'Incompetent' Chris Grayling under fire over rail fare hikes and pay rises system


Homebase to close 42 stores, putting 1,500 jobs at risk

Many Informa shareholders would be reluctant to see Lord Carter leave at such a critical juncture for the business.BT and Informa both declined to comment on Tuesday.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Сентябрь 2018    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930