Companies Act disclosure relating to departing director's payment
Sir Michael Rake stepped down from the BT Board on 31 October 2017.
No remuneration payment will be made to Sir Michael Rake after he ceases to be a director and he has not, and will not, receive any payment for loss of office.
We anticipate that Sir Michael may, in the future, undertake advisory services for the Company on specific matters.
Details of Sir Michael’s remuneration as a BT director for 2017/18 will be disclosed in our Annual Report & Form 20-F 2018 when published.
Tony Chanmugam stepped down from the BT Board on 13 July 2016, following our AGM. Details of the treatment of Tony’s remuneration arrangements can be found on pages 132-133 of the Report on Directors’ Remuneration Report contained in our Annual Report & Form 20-F 2016 and you can download it here.