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3 months ago
BRIEF-BT CEO and former CFO to lose payouts over Italy scandal
May 11, 2017 / 6:27 AM / 3 months ago

BRIEF-BT CEO and former CFO to lose payouts over Italy scandal

1 Min Read

May 11 (Reuters) - Bt Group Plc

* Chief Executive Gavin Patterson and outgoing group Finance Director Tony Chanmugam will not receive a bonus for 2016/17 financial year

* Annual bonuses for 2014/15 and 2015/16 and outcome of vesting for 2013 incentive share plan ('isp') have been recalculated

* Level of isp award for gavin patterson in 2017/18 has been reduced from 400% to 350% of salary Source text for Eikon: Further company coverage: (London newsroom)

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