Feeds

BT's Bonfield quits

Cheerio

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

Sir Peter Bonfield is to stand down as BT's chief exec at the end of January - almost a year before his current contract expires, the company announced today.

His early departure from the company had been widely predicted following the restructuring of the company which included the rights issue and the demerger of the company's mobile business.

In a statement Sir Peter said: "This is the right time to announce a change.

"We have almost completed the very radical transformation programme which we started last year.

"I would like to thank all the great BT people who have supported me so strongly through six action-packed years.

"We have had our successes and have had our share of disappointments but we have seen some amazing changes in our industry and completed significant changes in BT," he said.

Unfortunately for Sir Peter, many people are likely to remember his six-year tenure at BT for its "disappointments" rather than the "successes".

Despite this apparent failure, Sir Peter will walk away with a pay-off of around £1.5 million. Just imagine how much he would have got if he'd been successful at turning BT into a world-class telecoms company.

BT is currently on the hunt for a successor. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.