Philip Jansen’s base pay will be held at the level at which it was set when he joined the FTSE-100 telecoms giant in 2019, Sky News understands.
The boss of BT Group is to freeze his £1.1m salary until he retires from the FTSE 100 telecoms operator.
Sky News has learnt that Philip Jansen's base pay will be maintained at the same level at which it was set when he joined the company in 2019. City sources said the decision would be set out in BT's annual report, which is expected to be published as soon as Thursday. Mr Jansen's annual salary was fixed for five years upon joining, meaning the existing arrangement was due to expire at the end of this calendar year.
However, an insider said it would be renewed on a rolling basis and would apply until he eventually leaves the company.
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