3/5, 11:43 AM (Source: TeleTrader)
more TeleTrader news

BT's chairman left due to CEO's ultimatum - report

BT Group's non-executive chairman, Jan du Plessis, left the company earlier this week due to the ultimatum which the company CEO Philip Jansen (pictured right) gave his fellow directors, Sky News reported on Friday.

Jansen grew frustrated with the time needed for the management to make strategic decisions over the past months, the outlet wrote, adding that Jansen threatened he would resign if Du Plessis wasn't replaced by a chairman who would "accelerate the pace of change."

Du Plessis is expected to stay in the company until his successor is named.

Breaking the News / BU