market

Former boss of RBS is a candidate to be next BT chairman


Former Royal Bank of Scotland boss Stephen Hester is a candidate to be next BT chairman

In the frame: Stephen Hester is understood to be on a shortlist to replace Jan du Plessis

In the frame: Stephen Hester is understood to be on a shortlist to replace Jan du Plessis

The former boss of Royal Bank of Scotland is a candidate to be the next chairman of BT. 

Stephen Hester is understood to be on a shortlist to replace Jan du Plessis, who is leaving this summer after reportedly clashing with chief executive Philip Jansen over the pace of change at the telecoms giant which is in the midst of a huge rollout of fibre broadband across the UK. 

His replacement will have to deal with a new top investor, after tycoon Patrick Drahi’s Altice built up a 12.1 per cent stake. 

Other names linked to the BT role, which is one of the City’s most prestigious jobs, include ex-BBC Trust chief Rona Fairhead, former ITV boss Adam Crozier and ex-Barclays UK chairman Sir Ian Cheshire. 

Hester, 60, succeeded Fred ‘the Shred’ Goodwin at RBS in 2008 and is credited with pulling the bank back from the brink in the wake of the financial crisis. 

He also revived scandal-hit RSA Insurance Group in 2014. He has been linked with chief executive jobs at HSBC and Barclays but has expressed an interest in taking on a chairmanship. 

BT declined to comment.

Read More   Boohoo is favourite Arcadia brands Burton, Dorothy Perkins and Wallis



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.