Hampton to be new BT finance director

Hampton to be new BT finance director

BT's group finance director Robert Brace is stepping down to be replaced by Philip Hampton, it was announced on Friday.

Brace has been with BT for more than 11 years. Philip Hampton, 47, is currently a board member of BG Group with responsibility for the company’s finance.

Brace, 50, said: ‘I have been group finance director of BT during some of the most exciting and challenging times in the history of the company.’ He now plans to live and work in North America.

Hampton joined auditors Coopers & Lybrand in 1975 and worked in corporate finance, mainly on mergers and acquisitions and capital markets. From 1990, he worked for British Steel plc, becoming executive director for finance in 1991. He took up his current appointment in July 1996.

Brace’s departure sparked a 7.7% gain in BT’s stock on Friday afternoon, following a ten-month slide in its share price. And the price was up again this morning after weekend reports of an imminent shake-up at the company, which it is hoped will give inject some new life into the company.

Links

Interview: BT financial controller

BT.com

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource