All Corporate articles – Page 5
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PremiumDeutsche Telekom people moves: Appel takes chairmanship
New Chairman Appel confirmed despite shareholder criticisms. Europe’s Leroy completes management team with B2B Growth appointment. Magenta TV boss Schuld leaves the Group, with interim replacement in line. Makedonski Telekom’s CTIO Jovanović exits.
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Public AffairsIndustrial action inbound as union rejects biggest BT pay rise in 20 years
Communication Workers Union rebuffs improved offer of a £1,500 flat rise for 58,000 employees. Union states it will take BT’s management “to a place they’ve never been before” as it prepares for a statutory industrial action ballot. BT believes its rates “compare well” against competitors.
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PeopleISS UK&I CEO to drop Openreach Non-Exec role
Liz Benison departs to focus on regional CEO role at Openreach partner ISS. Ceeney named as her replacement and will take the role in May.
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Strategy & ChangeTelefónica lays out circular economy plans
Group pledges zero waste to landfill and refurb of 500,000 mobile phones by 2030. Backed by MAIA equipment reuse platform. Plans follow GSMA call to action for telecoms sector.
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CorporateOpenreach’s Selley in the dark about Drahi’s aims
Openreach CEO has met the Altice UK owner several times over the years. Selley sees BT as a “very good owner” that has the UK government’s ear.
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PeopleVivo stalwarts exit in board reshuffle
Telefónica’s Brazilian operator proposes changes to its Board of Directors, with Group shareholders BBVA and CaixaBank represented via newcomers Gual and Moreno. Former CEO Valente to leave, along with ex-Group COO Linares, and others. Political figures also on the way out.
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M&AVivendi head sees Telefónica–Prisa “synergies” as acquisition rumours continue
Arnaud de Puyfontaine wants strategy alignment with “common vision”. Local reports claim Spanish Prime Minister Pedro Sánchez “does not look favourably” on potential Vivendi involvement with Telefónica. Atresmedia also in the frame as part of convoluted acquisition scene in Spain.
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PeopleT-Mobile tech boss Larsen departs
Dr. Kim Kyllesbech Larsen, a high-profile tech figure within Deutsche Telekom, exits Dutch NatCo on gardening leave. Move comes with T-Mobile’s private equity takeover nearing imminent completion.
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OperationsT-Mobile US reshuffles executive team
Mike Katz assumes resurrected CMO role to lead beefed-up Marketing function. Jon Freier to head operator’s customer care operations, replacing Callie Field, who takes on leadership role at T-Mobile for Business.
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OperationsDT opts for second-choice Deloitte as new auditor
Deloitte given mandate to replace incumbent PwC. Proposal to be put to shareholders in April, and comes after disrupted, three-year selection process. DT drops one-off management bonus option after stockholder criticism.
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PeopleTelefónica alumnus tapped for state’s expanded Indra interest
Communications director Sergio Sánchez reportedly added to board at former Telefónica investment Indra Sistemas. News follows a 10% increase in the Spanish government’s shareholding in the company and adds to apparent power struggle in the boardroom.
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CorporateDT under fire over proposed Höttges pay hike
DT CEO said to be in line for maximum annual compensation of €9.1m. Frank Appel and DT’s US chiefs earned more than Höttges in 2020.
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PeopleOpenreach’s McTighe emerges as frontrunner for Ofcom chair
Mike McTighe, Chairman at Openreach, reportedly on the shortlist to oversee regulator. Drawn-out search for Lord Burns’ successor sees another BT-affiliated name on the cards.
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PeopleTelefónica shuffles and slims security unit leadership
Telefónica Ingeniería de Seguridad takes on parent’s corporate leadership model. Changes to chairman and a handful of directors, with Group executives swapped for Tech names.
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OperationsDeutsche Telekom rocks with AC–DC to save power
DT’s Plasma energy-reduction initiative expected to save more than 90GWh with upgrade of rectifier systems.
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PeopleEx-chair du Plessis wants to “move on” from BT exit
Jan du Plessis describes BT chairmanship as “not a great time”, but remains confident in Group strategy under CEO Jansen. Unceremonious resignation came amid reports of falling-out between the pair. Newly knighted du Plessis now teed up for UK audit watchdog role.
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PeopleAppel pick for new chair creates controversy
Appel’s dual role at Deutsche Post and DT criticised as sending the “wrong signal”. Both Groups take steps to counter violation of German Corporate Governance Code.
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PeopleTelefónica reshapes board of directors
Group cuts board seats from 17 to 15, with representation from shareholders BBVA and CaixaBank halved. Ignacio Moreno and Jordi Gual to instead shift to roles at Telefónica España and Brazil’s Vivo.
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M&ADefences up as Drahi increases BT stake
Patrick Drahi’s Altice UK stops short of a takeover bid, but increases holding to 18%. UK government issues warning that it “will not hesitate” to protect national interests amid concerns of foreign investment in critical infrastructure incumbent. Takeover not Drahi’s ‘intention’, but caveats are in place.
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PeopleDeutsche Post’s Frank Appel linked with DT chair
Deutsche Telekom’s long-running search for its next chairman looks set to come to a close before the end of the year, with Deutsche Post CEO Frank Appel rumoured to be leading the pack. DT CEO Tim Höttges reportedly to be given mandate extension.