BT's Livingston resigns, Patterson to take reigns in September

BT's (NYSE: BT)  Ian Livingston resigned as the firm's CEO to become the British Minister for Trade and Investment. He will continue as CEO until September, at which time Gavin Patterson, currently the CEO of the firm's consumer division, BT Retail, will take the helm.

Ian Paul Livingston

Livingston (Image source: BT)

Under Livingston's reign, BT has morphed into a broadband powerhouse by replacing its old copper lines with fiber.  At the end of the fiscal fourth quarter, in May, the company noted that its fiber customer base doubled to more than 1.5 million subscribers. Overall the telco has passed more than 15 million premises with fiber, an increase of 6.2 million for the year. In addition, it doubled the number of actual connections to 873,000, bringing the total number of connected homes and businesses to 1.5 million.

Meanwhile, Patterson, who joined the company in 2004 and has served as CEO of BT Retail since 2008, is considered a strong replacement for Livingston because of his success in his current role. Prior to joining BT, Patterson spent four years at Telewest, which later merged with NTL to become Virgin Media.  Prior to that, he worked for Procter & Gamble.

For more:
- see this New York Times article
- see this WSJ article (sub. req.)

Related articles:
BT holds the line in fiscal Q4, doubles fiber customer base to 1.5 million
BT investigated by Ofcom over wholesale pricing; Connected devices rise in broadband-enabled homes
Orange, BT take top spots in the global Ethernet market, says VSG

Suggested Articles

The personal information of hundreds of thousands of CenturyLink customers was exposed online via an open database that has since been closed.

The number of hyperscale data centers hit a new high-water mark in the third quarter, according to Synergy Research Group.

Comcast Business has extended its broadband and network management capabilities into parts of Canada via a partnership with iTel Networks.