Centrica ready to put £1 6bn into hydrogen storage site telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
BT boss Philip Jansen has been looking for an outside investor to speed up and finance the £19bn telecom giant s rollout of superfast fibre to the door for some time.
Rewards for failure: Former Centrica boss Iain Conn received £650,000 as he departed
The former boss of British Gas owner Centrica received £650,000 as he departed last year – taking his total pay since 2015 to nearly £13million.
Iain Conn was ousted after an exodus of more than 3m customers and a thumping annual loss, and was replaced in March 2020 by Chris O’Shea.
Conn, 58, received £239,000 for the two-and-a-half months he worked as chief executive last year.
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BT’s Board Still Divided on Pace of Change After Chairman Quits
Bloomberg 3/11/2021 Thomas Seal
(Bloomberg) BT Group Plc’s board remains divided following the unexpected resignation of Chairman Jan du Plessis, with the two camps mainly at odds over the pace of changes needed at the company.
One group of directors, including Chief Executive Officer Philip Jansen, wants BT to accelerate decisions around its nationwide broadband network Openreach, as well as restructuring, while other board members want more certainty around external issues such as regulation, according to people familiar with the matter. BT is studying how to get the best return on investment, including the merits of sharing infrastructure with rivals and external sources of capital, one person said.