CEO of BT stands down
Ian Livingston, currently chief executive of BT Retail, is to succeed Ben Verwaayen as chief executive of BT Group on June 1 2008. Ben Verwaayen will step down as CEO on 31 May 2008 and will leave the board on June 30.
Ian Livingston joined BT as group finance director in 2002. He took over as chief executive of BT Retail in 2005. Ian Livingston̵7;s current role will be filled by Gavin Patterson, currently group managing director of BT̵7;s consumer division. Patterson will become CEO of BT Retail joining the BT board on June 1.
Ben Verwaayen will leave BT after more than six years. BT Chairman Sir Mike Rake paid tribute to him: ̶0;Ben has been an exceptional CEO whose courage and leadership has transformed BT from being a deeply troubled organisation into a thriving business with global capability and a clear strategy for the future. The board has been involved in the process of transition for many months to ensure an orderly succession. Ben has done more than anyone else to make Britain the most competitive broadband market in the world. He has been instrumental in restoring pride in BT. Everyone in the company owes him a huge debt of gratitude and wishes him well for the future.̶1;
Mike Cansfield, Telecoms Strategy Practice Leader at Ovum, commenting, referred to Ben Verwaayen's "impressive achievements ̵1; sorting out the mess he inherited when he joined BT in 2002; personally initiating a constructive dialogue and rapprochement between BT and Ofcom; and championing the climate change agenda across UK industry to name but three. His legacy is a company that is in good financial health, well managed and one that embraces change.̶1;
Verwaayen joined BT in January 2002 from Lucent Technologies where he was Vice-Chairman of the management board. Reflecting on his time at BT, Ben Verwaayen said: ̶0;I have had six exciting years and I am extremely proud of the people in BT. Without them the company̵7;s recent success would not have been possible. I owe a particular debt of gratitude to the executive directors who have served alongside me on the Board. Francois Barrault and Hanif Lalani have made a magnificent contribution. They are outstanding leaders. Ian Livingston will lead the company from strength to strength when he takes over as CEO in June. He is a great guy with a fantastic record of business achievement.̶1;
Image: Ben Verwaayen, the outgoing Chief Executive of BT