Crozier to step down as Asos chairman to join BT: reports

Asos chairman Adam Crozier is set to resign to join BT, according to reports in the Sunday Times.

The paper reported that Crozier, who joined Asos as chairman in 2018 following stints as chief executive of Royal Mail and ITV, will take up the role of chairman of BT.

During his time at Asos he has helped guide the e-commerce giant to IT issues at its warehouses.

Crozier was previously chairman of Vue International and his previous non-executive directorships include Stage Entertainment BV, G4S plc, Debenhams plc and Camelot Group plc.

Prior to Royal Mail he was chief executive officer of The Football Association between 2000 and 2002 and joint chief executive officer of Saatchi & Saatchi from 1995 to 2000.

His appointment comes as BT is set to step up its full-fibre broadband programme to 25 million premises by 2026 after Ofcom announced that it would further reduce the amount Openreach would charge to telecoms providers such as BT, Sky and TalkTalk for its entry-level (40 Mbit/s) superfast copper broadband service.

The regulator also said that Openreach can also charge more for regulated products that are delivered over full fibre instead of copper, because full fibre is consistently faster, and much more reliable.

“This approach encourages investment by providing BT and its rivals with a margin to build the new networks,” the regulator said.

Crozier is expected to manage relationships with Ofcome as part of the new role.

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