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UK TELECOM FIRM BT CEO Ian Livingston has announced that he will be leaving the firm after leading it for five years.
Livingston revealed the news on Tuesday, announcing that he will leave BT for a government role as trade and investment minister. He will be replaced by Gavin Patterson, BT revealed, who has served as the CEO of BT Retail and as a BT board member since 2008.
Livingston said in a statement, "I am honoured to have been asked by the Prime Minister to take on the role of Minister for Trade and Investment, with a remit of helping the growth of British companies and the country's future economic success.
"It has been an incredibly hard decision to leave BT at such an exciting time. However, the opportunities ahead and the strength of the management team that Gavin will lead mean that the company is in a great position.
"I am immensely proud to have led this company over the last five years. We have made huge progress over the last few years but I know there is still so much more that BT can and will do."
Patterson added, "It is a privilege to have been offered the position of chief executive of BT Group, and I am delighted to accept."
Livingston's departure comes shortly after the firm has been embroiled in claims that it raised line rental prices to cover the cost of the sports channels that it will soon launch.
BT was quick to deny the claims, saying, "Line Rental Saver continues to offer a generous discount of 23 per cent on the price of our standard line rental, saving customers £44 a year. Paying upfront for line rental with Line Rental Saver has proved popular with our customers and is substantially cheaper than the cost of standard line rental offered by major rivals."
Livingston will leave his role in September, when he will be replaced by Patterson. µ