BT is ringing up gains after unveiling its new finance director.
The telecoms group has appointed former BG finance director Simon Lowth, who left last month following the gases group’s £35bn takeover by Shell and will join in July.
Lowth will replace BT’s current finance director Tony Chanmugam, who will focus on integrating the acquisition of mobile group EE into the rest of BT.
The company has made much play of Lowth’s experience in “driving major cost transformation and performance improvement programmes.” As well as BG, he has been a director at ScottishPower and AstraZeneca, and has been a non-executive at Standard Chartered since 2010.
The news has helped lift BT’s shares 4p higher to 450.5p.
