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Nigel Stagg to leave BT

Press Release   •   Jan 29, 2016 11:23 GMT

Steps down as CEO BT Wholesale after a career spanning 36 years with the company

Nigel Stagg is to leave BT it was announced today. Nigel, who is currently CEO of BT’s Wholesale business, has spent 36 years with the company in a variety of roles and is now planning to explore other options. His successor will be announced in due course.

Nigel held a number of marketing, purchasing and product management roles in the early part of his career before taking on more senior positions within the company. He has been Director of BT Conferencing, Managing Director of BT Enterprises, Managing Director of Retail Customer Service and Managing Director of BT Business.

His most recent role has been CEO of BT Wholesale, a position he has held since 2011. BT Wholesale provides services to more than 1,400 communications providers who prefer to rely on BT’s expertise than to build out their own networks. It generated £2.2 billion of revenue in 2014/15 and EBITDA of £561 million.

Gavin Patterson, BT Chief Executive, said: “Nigel has made a terrific contribution over many years. He has brought a wealth of commercial and operational skills and experience to all the roles he has held and he has helped us propel the company forwards. I’d like to thank him on behalf of the company and I wish him all the very best for the future.”

Nigel commented “I have nothing but respect and admiration for the tremendous people in BT and I wish them continued success. It has been a pleasure to work with so many talented people over many years”.

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 £17,979m with reported profit before taxation of £2,645m.

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.

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