BT confirmed today that group finance director Tony Chanmugam “may step down later this year”. The statement followed a report over the weekend by Sky News that Chanmugam was set to retire, and that recruitment firm Egon Zehnder had been mandated to find his successor.
BT (LSE:BT) confirmed today that group finance director Tony Chanmugam “may step down later this year”. The statement followed a report over the weekend by Sky News that Chanmugan was set to retire, and that recruitment firm Egon Zehnder had been mandated to find his successor.
In its statement, BT said it “confirms that a search process has commenced to find a successor but that no formal decision has been taken on a replacement or around the potential timing of any change”.
Chanmugam started his role in December 2008, when he also joined BT’s board. Past roles included senior positions at BT Retail and BT Global Solutions.
BT in January completed its acquisition of EE, creating a converged player present in fixed-line, mobile, broadband and TV. Earlier that month, BT named Clive Selley as CEO of Openreach, and Howard Watson as group chief information officer.