Former BT Group chief executive, Lord Ian Livingston, has received special recognition for his work and transformation of the telecoms company by being awarded the Chairman’s Award at the annual Institute for Turnaround (IFT) awards last night.
The IFT awards – widely regarded as Europe’s top business transformation awards – recognise companies and organisations that have returned to strength, having faced difficulties over the last few years, thanks to excellent strategy and leadership. The awards were hosted by former Conservative MP and broadcaster Gyles Brandreth at the Bloomsbury Big Top in London.
Lord Livingston led BT for five years until September 2013. He recruited and oversaw a new management team and grew the business through investment and improvements to customer service. The company also recently launched its multi-billion pound sports channels in August in a direct challenge to the established market leader BSkyB.
Prime Minister David Cameron announced in June Lord Livingston would become a UK Government trade minister in the House of Lords, replacing Lord Green, with a remit of helping British companies prosper.
Commenting on receiving the award, Lord Livingston said “I’m delighted and honoured to receive this award. It’s an award for BT and BT staff because the most important thing about any transformation is that it is a team effort.
“In my new role in Government I want to encourage businesses to locate and grow in Britain. When I talk to businesses from other countries they see Britain as an open trading country.
“We should celebrate the strengths we have that are so appealing for those who want to come to this country and help grow our economy.”
On selecting Lord Livingston for the award, Chairman of the Institute for Turnaround, Iain MacRitchie said
“I selected Lord Livingston for the Chairman’s Award because of the remarkable success and leadership he has shown in transforming BT’s business model over the past five years. Ian’s relentless focus on growing the business has seen investment in fibre optic, TV and sport and his influence is reflected in the current strong performance of BT.
“I know Ian will be a success in his new role promoting Britain as a great place to do business. He is a great example and a true champion of British business.”