The head of BT Retail, Piere Danon has ruled himself out of the race for BT's CEO position following the announcement today by current CEO Sir Peter Bonfield to step down.

A statement from BT reads: "Pierre Danon does not want to be considered as a candidate for the role of Chief Executive of BT Group. He is strongly focussed on tackling the many challenges within BT Retail."

The move has surprised many who saw the passionate Danon as an ideal change to the lacklustre stewardship of Bonfield. Rumours have been building up for months that Danon was heir apparent to Bonfield's throne.

So who is up for the job? Hard to tell, although we will be asking about. With Danon removing himself from the race, BT is bound to look outside the organisation for a new leader in the same way Sir Christopher Bland was brought in from the BBC to fill Sir Iain Vallance's boots as chairman. ®

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