TIDMBT.A
RNS Number : 2445L
BT Group PLC
18 April 2018
April 18, 2018
BT FORMS NEW BUSINESS UNIT BT ENTERPRISE
-- BT brings together Business and Public Sector and Wholesale and Ventures businesses
-- Gerry McQuade appointed CEO of new business unit BT Enterprise
-- Bringing together the enterprise businesses will strengthen
services and products and sharpen focus on customer experience, as
customers move towards converged technologies
BT Group today announced it will bring together its enterprise
businesses in the UK and Republic of Ireland to accelerate its
transformation, simplify its operating model and strengthen
accountabilities.
BT's Business and Public Sector and Wholesale and Ventures are
to be combined to create a new business unit, BT Enterprise. Gerry
McQuade, currently CEO of the Wholesale and Ventures business, has
been appointed to bring together and lead the new organisation.
The new organisation will provide products and services to
organisations in the small-to-medium sized business, corporate and
public sectors, and provide wholesale services to around 1,400
communication providers in the UK and Republic of Ireland. The
business will also include BT's Ventures business which acts as an
incubator for potential new growth areas of the company.
Gavin Patterson, BT Chief Executive, said: "Having brought
together our Consumer and EE businesses, this is the next step in
the simplification of BT's operating model. Combining our
enterprise businesses will allow us to strengthen the services and
products we offer to businesses and sharpen our focus on customer
service, through clear accountabilities and by introducing
efficiencies. Gerry McQuade has successfully led the Wholesale and
Ventures business since its inception in 2016 and is the right
person to drive the new organisation forward."
"Together, our senior management team will ensure that BT
realises its full potential, connecting customers in the UK and
beyond to next-generation digital communications services, content
and networks."
Gerry will lead BT Enterprise from 1 May 2018 and it will report
as a single unit from 1 October 2018.
After five years on BT's Executive Committee, and 12 years in
BT, Graham Sutherland is leaving BT.
Gavin Patterson said: "I'd like to thank Graham for all he has
done for BT over the past 12 years. During his time as CEO of the
businesses in Ireland and MD of BT Business, he materially improved
the profitability and performance of those divisions. Most recently
as CEO of BT Business and Public Sector he has successfully led the
integration of EE business into BT and the turnaround of our Public
Sector division. I wish him all the very best for the future."
BT's Global Services unit will continue to provide services to
multinational companies operating in the UK and worldwide.
Ends
For further information:
Enquiries about this news release should be made to the BT Group
Newsroom 020 7356 5369. From outside the UK dial + 44 20 7356 5369.
All news releases can be accessed at our web site. You can also
subscribe to receive all BT announcements here and you can follow
us on Twitter here.
Gerry McQuade's Biography:
Gerry McQuade will become CEO of BT's new combined Business,
Public Sector, Wholesale and Ventures division called BT Enterprise
on 1 May, 2018. The division will operate across the UK and
Republic of Ireland, providing fixed and mobile communications
services and IT to small and medium sized businesses and wholesale
services to communications service providers.
Gerry is currently CEO of Wholesale and Ventures, which provides
wholesale fixed network services to 1,400 customers and supports
MVNOs with 3.8m mobile customers, having taken the role in April
2016.
Before BT's acquisition of EE, Gerry was Chief Sales and
Marketing Officer for EE's Business and Wholesale units, and was
responsible for all EE product development.
Gerry joined Orange in January 2008 as Chief Development
Officer, where he was key in overseeing the merger of Orange and
T-Mobile, and the subsequent rebranding as EE. He was also one of
the founding directors of Virgin Mobile and was involved through
the launch, growth, flotation and eventual sale of the business. He
also previously worked at Cellnet (now O2).
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 180
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 of six customer-facing lines of business: Consumer, EE,
Business and Public Sector, Global Services, Wholesale and
Ventures, and Openreach.
For the year ended 31 March 2017, BT Group's reported revenue
was GBP24,062m with reported profit before taxation of
GBP2,354m.
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
MSCFKODNKBKBKQD
(END) Dow Jones Newswires
April 18, 2018 02:00 ET (06:00 GMT)
Bt (LSE:BT.A)
Historical Stock Chart
From Apr 2024 to May 2024
Bt (LSE:BT.A)
Historical Stock Chart
From May 2023 to May 2024