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Verwaayen quits at BT

Ben Verwaayen has resigned from his post as CEO of BT Group, effective 31 May. The chief exec, who has been at the helm of BT for six years, will remain on the board of the U.K. incumbent until the end of June.

BT Retail chief executive Ian Livingston will replace Verwaayen at the top. Livingston, who joined BT as group finance director in 2002 and became Retail head three years later, has been described by analysts as a "safe pair of hands".

Verwaayen has yet to disclose what his next move will be. Watch this space...
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