Mar 1, 2021

Jan du Plessis to step down as BT chair after four years

Jan du Plessis will retire as BT's chairman this year after less than four years in the role, having replaced the telecoms company's chief executive and reset its strategy and relationship with regulator Ofcom. The City grandee said he had spent 17 "Demanding" years as the chairman of various FTSE 100 companies including Rio Tinto and SABMiller. BT shares traded at around 300p in 2017 when du Plessis took the role and slumped to below 100p last year as European telecoms stocks came under pressure. Du Plessis replaced Mike Rake who spent a decade in the position. His predecessor Christopher Bland spent 6 years as chairman replacing Iain Vallance who lasted 12 years.

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