Paul Reynolds leaves BT to becomes CEO of Telecom New Zealand

Dr Paul Reynolds will be leaving BT in September to take up the position of CEO of Telecom New Zealand. Paul joined BT in 1983 after leaving University and joined the board in November 2001 as Chief Executive of BT Wholesale.

Over the last 24 years Paul has led a series of business critical projects for BT. He has been instrumental in delivering broadband in the UK, now with more than 10 million customers and the most extensive footprint in the world. He played a key part in the design and creation of Openreach, and has led 21CN from the outset.

In 2006 he was presented with the “Global Icon” award for leadership and innovation by the Telecommunications Industries Association of America.

Paul Reynolds said: “It’s been a huge privilege to work with so many great people driving the development of BT and the Industry. BT now has Europe’s largest Wholesale business and 21CN is recognised across the world as leading the way in industry transformation. BT has the talent and momentum to keep in the lead. I am really excited by the challenge of leading change in a new environment as CEO of Telecom New Zealand”.

Ben Verwaayen, the chief executive of BT paid tribute to Dr Reynolds: “Paul has made a fantastic contribution to BT over more than 20 years. He has led the development of the 21CN – the world’s first national IP network – which is now being rolled out and will bring faster, better services to our customers around the world. I am sure he will be a terrific CEO of Telecom NZ and I wish him well.”

The chairman of BT Sir Christopher Bland added “Paul has played a central role in the transformation of BT, both as CEO of BT Wholesale and as a member of the board for the last 6 years. His vision and drive have been a tremendous asset to BT as I am certain they will be to Telecom NZ”.

Paul Reynolds leaves BT and steps down as a Director on September 14, 2007.