BT Group PLC JOE GARNER TO BECOME CEO OF NATIONWIDE (7569F)
November 16 2015 - 1:00AM
UK Regulatory
TIDMBT.A TIDMNAWI
RNS Number : 7569F
BT Group PLC
16 November 2015
November 16, 2015
JOE GARNER TO BECOME CEO OF NATIONWIDE
BT today announced that Joe Garner is to step down as CEO of
Openreach after deciding to take up a new challenge as CEO of
Nationwide, the world's largest building society with 15 million
members and Britain's second largest mortgage and savings provider.
Joe is expected to take up his new post in the Spring of 2016 after
handing over to his successor who will be named in due course.
As CEO of Openreach - BT's local access network division - since
February 2014, Joe has overseen BT's deployment of superfast fibre
broadband, extending its footprint from 18 million premises when he
joined to more than 24 million premises currently. Take-up of fibre
has increased during his tenure, with more than five million
premises now using the service.
This multi-billion pound programme is one of the fastest
roll-outs in the world and is transforming the lives of households
and businesses across the country. Through BT's investment, the UK
now has the best superfast coverage and take-up among major
European nations1.
Joe has relentlessly focused on customer service and operational
improvement during his time at Openreach, driving through changes
that have helped the business hit or exceed all 60 service targets
set by the regulator Ofcom.
Joe said: "I've greatly enjoyed my time at Openreach and
deciding to leave has been an extremely hard decision, but
Nationwide is a firm I long-admired during my time in financial
services. The opportunity to become CEO of one of Britain's most
important financial institutions and service champions just proved
too good to turn down.
"I would like to thank the thousands of dedicated Openreach
engineers who work so hard in the most challenging of conditions to
keep millions of homes and businesses connected. They are the
unsung heroes of the nation's internet infrastructure.
"In my view, it is BT's investment that has helped the UK to
become one of the strongest digital economies in the world and I am
proud to have contributed. Openreach is now poised to take the UK
from a superfast to an ultrafast nation and I am confident it can
achieve this as part of the BT family. I wish my successor at
Openreach and everyone there and at BT all the best for the
future."
Gavin Patterson, CEO, BT Group said: "I am sad to see Joe leave
but he is moving to a terrific job and I wish him well. Openreach
is a stronger and more customer focused business as a result of his
leadership and he leaves it in good shape as we begin our ultrafast
journey."
(1) Ofcom European Broadband Scorecard, February 2015
-ends-
For further information
Enquiries about this news release should be made to the BT Group
Newsroom on its 24-hour number: 020 7356 5369. From outside the UK
dial + 44 20 7356 5369. All news releases can be accessed at our
web site: http://www.btplc.com/News
About BT
BT's purpose is to use the power of communications to make a
better world. It is one of the world's leading providers of
communications services and solutions, serving customers in more
than 170 countries. Its principal activities include the provision
of networked IT services globally; local, national and
international telecommunications services to its customers for use
at home, at work and on the move; broadband, TV and internet
products and services; and converged fixed/mobile products and
services. BT consists principally of five customer-facing lines of
business: BT Global Services, BT Business, BT Consumer, BT
Wholesale and Openreach.
For the year ended 31 March 2015, BT Group's reported revenue
was GBP17,979m with reported profit before taxation of
GBP2,645m.
British Telecommunications plc (BT) is a wholly-owned subsidiary
of BT Group plc and encompasses virtually all businesses and assets
of the BT Group. BT Group plc is listed on stock exchanges in
London and New York.
For more information, visit www.btplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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