BT Group Names Allison Kirkby As CEO
Portfolio Pulse from Lekha Gupta
BT Group PLC has announced the appointment of Allison Kirkby as its new CEO, effective no later than January 2024. Kirkby, who has served as the president and CEO of Telia Company AB since early 2020, has been a Non-Executive Director at BT Group since 2019. The current CEO, Philip Jansen, will step down at an 'appropriate moment' over the next 12 months and will support the handover until his retirement in March 2024. BTGOF shares closed higher by 7.05% at $1.67 on Friday.
July 31, 2023 | 11:24 am
News sentiment analysis
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NEGATIVE IMPACT
Allison Kirkby, the current president and CEO of Telia Company AB, has been appointed as the new CEO of BT Group PLC.
The departure of a CEO can create uncertainty for a company. As Allison Kirkby is leaving her role at Telia Company AB to join BT Group, this could potentially have a negative impact on Telia's share price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Allison Kirkby, the current president and CEO of Telia Company AB, has been appointed as the new CEO of BT Group PLC.
The departure of a CEO can create uncertainty for a company. As Allison Kirkby is leaving her role at Telia Company AB to join BT Group, this could potentially have a negative impact on Telia's share price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
BT Group PLC has appointed Allison Kirkby as its new CEO, effective no later than January 2024. The company's shares closed higher by 7.05% at $1.67 on Friday.
The appointment of a new CEO is a significant event for a company. Given Allison Kirkby's experience and her existing role within BT Group, this is likely to be viewed positively by the market, as reflected in the increase in BT Group's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100