Brought up in Hertfordshire and educated at Hitchin Boys' School, Bonfield graduated from Loughborough University with an engineering degree. He was Chief Executive of International Computers Ltd. from 1985 until the end of 1995. In 1996 Bonfield was appointed CEO and Chairman of the Executive Committee of British Telecommunications plc, where he served until early 2002. Promising a "rollercoaster ride", during Bonfield's tenure the share price went from £4 to £15, and back again to £5. Bonfield's salary to 31 March, 2001, was a basic of £780,000 (increasing to £820,000) plus a £481,000 bonus and £50,000 of other benefits including pension. He also received a deferred bonus, payable in shares in three years' time, of £481,000, and additional bonuses of £3.3 million. Andreas Whittam Smith writing in The Independent newspaper called Bonfield, Chairman Iain Vallance and Deputy Chairman Lord Marshall of Knightsbridge "The men who broke the bank at British Telecom.
Bonfield is presently a director of: AstraZeneca, Dubai International Capital, Sony Corporation, L.M. Ericsson, TSMC, NXP Semiconductors, and Mentor Graphics. He is also a non-executive director of the Department for Constitutional Affairs.
WHO'S NEXT? ; Won't Get Fooled Again? Clayton Hirst Finds out Who BT Is Lining Up to Replace Sir Peter Bonfield as Chief Executive
Nov 04, 2001; Rupert Gavin, the chief executive of BBC Worldwide, has emerged as a surprise early favourite in the battle to be the next chief...
SIR Peter Bonfield, BT's chief executive, is considering the sale of the company's 24% stake in LG Telecom of South Korea.
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