Key facts
- BT CEO Allison Kirkby's total remuneration for the year to March reached £5.58 million.
- This represents more than double the £2.48 million package she received in the prior year.
- The package includes a £1 million cash bonus and £3.25 million in long-term share awards.
- Kirkby's salary increased by 3% to £1.1 million.
- BT's share price has surged nearly 80% since Kirkby became CEO in February 2024.
BT Chief Executive Allison Kirkby received a £5.58 million pay package for the year to March 31, 2026, more than double the £2.49 million earned in the previous year. This significant increase, the largest for a BT CEO in over a decade, coincides with the company accelerating a cost-cutting program targeting £3.7 billion in savings by 2030.
The package includes £1.1 million in salary, pension, and benefits, a £1.08 million annual bonus, and £3.25 million from long-term share awards, which have benefited from an approximately 80% rise in BT's share price since Kirkby became CEO in February 2024. BT has already achieved £1.5 billion in annual savings and reduced its workforce by 7% to around 108,000 employees, with further reductions planned.
BT argues these cuts are funding investments in fibre broadband and mobile infrastructure. The company reported a slight decrease in revenue to £19.7 billion but an eight percent rise in pre-tax profit to £1.4 billion. Kirkby stated that BT's transformation is proceeding "ahead of plan," exceeding original objectives and prompting the increase in the savings target.