LONDON (Alliance News) - BT Group PLC said Monday that Chief Executive Officer of its Opeanreach division Joe Garner is stepping down to take up the role of chief executive officer of building society Nationwide.
Garner is expected to take up the new role in the spring of 2016, after handing over to his successor, who the company said would be named in"due course."
"I've greatly enjoyed my time at Openreach and deciding to leave has been an extremely hard decision, but Nationwide is a firm I long-admired during my time in financial services. The opportunity to become CEO of one of Britain's most important financial institutions and service champions just proved too good to turn down," said Garner in a statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
BT (BT.A)