RNS Number : 2241T
BT Group PLC
18 November 2013
DC13-406 18 November, 2013
LIV GARFIELD TO LEAVE BT FOR SEVERN TRENT
BT today announced that Liv Garfield is to step down as CEO of Openreach during Spring next year. Liv has decided to take up a new challenge as CEO of Severn Trent, the FTSE 100 water company.
As CEO of Openreach - BT's local access network division - Liv has overseen BT's £2.5bn commercial roll-out of fibre broadband, which is transforming the lives of households and businesses across the country. She played a pivotal role in building the business case for BT's commercial fibre investment in her previous role as BT's Group Strategy Director.
Liv said: "It is a huge wrench to leave Openreach but I feel the time is now right to take on a fresh challenge. Our commercial programme to bring fibre broadband to two thirds of UK premises is almost complete, whilst BT's public sector broadband partnerships are making good progress.
"I am immensely proud of the thousands of Openreach engineers who serve cities, towns, villages and hamlets across the UK. These dedicated men and women work in challenging conditions underground and up telegraph poles - often battling extreme weather - to keep the UK's critical communications network up and running.
"BT has been a terrific employer, giving me lots of room to grow and develop my business skills. It has been a tough decision but I leave Openreach in fantastic shape and have every confidence it will continue to thrive."
Gavin Patterson, CEO, BT Group said: "Liv has made an enormous contribution to BT over the past 12 years and she'll be greatly missed. With her leadership, we have taken the company's commercial fibre roll-out from conception through to delivery.
"Ours is one of the fastest fibre broadband deployments anywhere in the world and the UK now leads our major European counterparts in terms of superfast broadband speed and availability. That is a fantastic achievement. Liv, her management team and Openreach's hard working engineers should be incredibly proud.
"We wish Liv every success in her new role."
Since Liv assumed the Openreach position in April 2011, the availability of fibre over BT's network has risen from around 4m premises to more than 17m. Meanwhile, the number of customers adopting fibre has increased steadily from just over 100k in April 2011 to more than 2m subscribers today.
During Liv's tenure Local Loop Unbundling - where other operators effectively rent a copper line from Openreach - has also gone from strength to strength. In April 2011 the number of unbundled lines in the UK stood at 7.6m. That number has grown to around 9m today. This demonstrates plenty of healthy competition in the UK phone and broadband market as a result of the Openreach model.
Liv's successor will be announced by BT in due course.
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BT 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 and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
For the year ended 31 March 2013, BT Group's reported revenue was £18,103m with reported profit before taxation of £2,315m.
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.
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