The BT Pension Scheme has appointed Matt Davies to be its trustee director.
Davies succeeds Emily Clark who, having left BT, stepped down from the trustee board.
Davies is chief finance officer at Openreach, a position he has held since 2017. He’s a chartered management accountant and before joining Openreach was the chief financial officer for BT Consumer.
BTPS is one of the UK’s largest company pension schemes with over £35bn of assets and around 258,000 members. Each year, the scheme pays out around £2.8bin in pension payments to the 212,000 members of the scheme who are retired and their beneficiaries.
BTPS chair Jill Mackenzie says: “[Davies’] extensive financial leadership experience and deep understanding of the BT Group will be invaluable as we continue to deliver on our commitment to the scheme’s members.”
