Home NEWS Science BT chief is ‘not the right man for the job’, says top investor

BT chief is ‘not the right man for the job’, says top investor

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BT is already making major leadership changes under Mr Patterson, who is being advised by consultants from McKinsey. John Petter, his longtime ally and head of BT’s consumer business, abruptly opted to leave last month despite talks over a promotion to a strategy and restructuring role.

Those responsibilities are being now taken on by chief financial officer Simon Lowth, who is seen by some in the City as a potential successor. Marc Allera, promoted to run a combined EE and BT consumer business, is also tipped as a key player in the company’s future.

There is not a clamour for immediate change, after nearly all BT shareholders approved Mr Patterson’s reappointment at its AGM last month.

Questions over BT’s future executive leadership are part of a busy agenda for incoming chairman Jan du Plessis, the incoming chairman, who is due to take the helm in November and must also complete crucial negotiations over the company’s massive pension deficit.

Mr du Plessis said he looked forward to “supporting Gavin and his management”.

Sir Mike Rake, the current chairman, said this weekend: “There is strong support for Gavin and the way he has handled the issues BT has had recently.

“It is very much in the interests of BT and its stakeholders that he stays in his to lead the company.”

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