A changing of the guard at UK carrier BT: the company has announced that it will be appointing Gavin Patterson as its new CEO effective September, to replace Ian Livingston, who is taking up a role in the UK government as the Minister of State for Trade and Investment. Like Livingston, this is an internal appointment, and like Livingston, Patterson is being picked from the company’s consumer-facing division, BT Retail — which is also its biggest and most visible operation, alongside a wholesale fixed-line service, business services and its Openreach broadband network. Patterson has been with the company since 2008, and comes as Livingston has seen BT through strong performance, with stock up over 57% in the last year. In the year ended 31 March 2013, BT said that group revenue was £18,017 million, with profit before taxation of £2,501 million. As with carriers in other parts of the world, to offset declines in traditional, fixed-line voice calls, BT has been putting a massive effort and investment into its TV operations and other new product areas
Source:
BT Looks To Insider Gavin Patterson As Current CEO Ian Livingston Appointed UK Trade Minister
via Arne Ruhnau News http://arneruhnau.com/bt-looks-to-insider-gavin-patterson-as-current-ceo-ian-livingston-appointed-uk-trade-minister/
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