BT appoints Luis Alvarez to role of Global Services CEO

Telecommunications service provider BT has unveiled Luis Alvarez as its new Chief Executive Officer of Global Services from October 1st.

Alvarez has been with BT for 12 years in a variety of roles, most recently President of BT Global Services Europe, Middle East, Africa and Latin America.

He is taking over from Jeff Kelly, who has decided to return to the US following almost three years in the role.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

In July of this year the division warned that it was suffering somewhat from companies reducing their spending, but on the whole is performing considerably better than in 2008-09, during which time it issued two profit warnings.

Alvarez said: "I am passionate about BT Global Services and see great opportunities for us in the marketplace. I have a deep understanding of what our customers want and I also know what we can do to build an even better and more efficient business.

"The global economy is going through a period of rapid change and the BT Global Services team is well placed to support companies through that period of uncertainty and opportunity. We have a strong business in the UK, mature operations in key economies and are expanding our presence in the fastest growing parts of the world. These are strong foundations that we will build on."

The share price fell 1.59% to 229.30p by 13:05.

NR