BT 21st Century Network leader resigns

The chief executive leading the roll out of BT's £10bn national 21st century network has resigned.

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The chief executive leading the roll out of BT's £10bn national 21st century network has resigned.

Paul Reynolds has been key to the roll out through his current role of BT Wholesale chief executive, where he oversees the wholesale business of UK-based the telecommunications and IT group.

Reynolds has also overseen the introduction of broadband throughout the UK and the creation of the independent wholesale business Openreach, created in a voluntary agreement with reached with Ofcom in 2005.

He is to become the chief executive of Telecom New Zealand, effective from late September 2007.

He joined BT in 1983 after completing a doctorate in geology at the University of London and has served on BT's Board of Directors since 2001.

Reynolds will succeed Theresa Gattung, who is leaving tomorrow after 12 years at Telecom New Zealand, the past eight as the company's chief. And Simon Moutter has been appointed as acting chief executive until Reynolds formally takes up his role.

Chairman Wayne Boyd said he and the Telecom Board were delighted, after a global recruitment process, to have secured the appointment of Reynolds.

"Globally there are few leaders in the telecommunications industry with Paul's combination of skills, knowledge and experience," Boyd said.

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