7 May
2024
BT Group plc Board
changes
BT Group plc ("BT Group") hereby announces that Tushar
Morzaria will join the Board as an Independent Non-Executive
Director with effect from today, 7 May 2024. Tushar will become a
member of the Audit & Risk Committee, Nominations Committee and
Remuneration Committee.
Tushar brings a wealth of strategic
financial management experience gained over 25 years. During this
time, Tushar has overseen transformation programmes and has
strengthened risk and control frameworks. He is currently a
Non-Executive Director and Audit Committee Chair of both BP plc and
Legal & General Group plc.
Adam Crozier, BT Group's Chairman,
said "We are very pleased to welcome Tushar to the Board. His prior
experience, especially in relation to financial and operational
resilience, and corporate change, will be an incredibly valuable
addition to the experience and skills of the BT Group
Board."
Tushar added "I am delighted to be
joining the BT Group Board and look forward to inputting into the
future of the group and bringing my prior experience to a
well-balanced Board."
Isabel Hudson will step down from
the Board as an Independent Non-Executive Director at the
conclusion of the 2024 Annual General Meeting, after serving on the
Board for 9 years. Adam Crozier, BT Group's Chairman said "I would
like to thank Isabel for her significant contribution to the BT
Group, the Committees she has chaired and served on over her
tenure, and her role as Designated Non-Executive Director for
Workforce Engagement. She will be greatly missed."
Maggie Chan Jones, Independent
Non-Executive Director, succeeds Isabel as our Designated
Non-Executive Director for Workforce Engagement and will work
alongside Isabel until she steps down in July. Maggie said "I am
looking forward to engaging with our colleagues across the group as
part of this role. My goal is to ensure the colleague voice is
represented in the boardroom and is considered throughout the
Board's decision making process. Our colleagues are our most
important asset and I am passionate about making sure they are able
to inform the decisions we make towards success."
There are no additional matters that
would require disclosure in respect of Tushar Morzaria or pursuant
to 9.6.13R of the Listing Rules of the UK Financial Conduct
Authority.
- Ends -
Tushar Morzaria biography
Tushar is a chartered accountant
with over 25 years' of strategic financial management experience.
He is currently a Non-Executive Director and Chair of the Audit
Committee of both BP plc and Legal & General Group plc. From
2013 to 2022, Tushar was Group Finance Director of Barclays plc.
Prior to this, he held various senior finance roles at JP Morgan
Chase & Co, including Chief Financial Officer of its Corporate
& Investment Bank.
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About
BT Group
BT Group is the UK's leading provider
of fixed and mobile telecommunications and related secure digital
products, solutions and services. We also provide managed
telecommunications, security and network & IT infrastructure
services to customers across 180 countries.
BT Group consists of three
customer-facing units: Consumer serves individuals and families in
the UK; Business covers companies and public services in the UK and
internationally; Openreach is an independently governed, wholly
owned subsidiary wholesaling fixed access infrastructure services
to its customers - over 700 communications providers across the
UK.
British Telecommunications plc is a
wholly owned subsidiary of BT Group plc and encompasses virtually
all businesses and assets of the BT Group. BT Group plc is listed
on the London Stock Exchange.
For more information,
visit www.bt.com/about