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BT has appointed a new Chief Executive, with Gavin Patterson taking the top job at the UK's largest broadband provider.

The current Chief Executive of BT Retail - who joined the firm in 2004 - will start his new role in September when the incumbent Ian Livingston becomes Minister of State for Trade and Investment.

Mr Livingston is to enter the House of Lords, having been invited to join the government front bench by Prime Minister David Cameron.

He has been given a remit of helping ensure the growth of British companies and driving the future success of the UK economy.

Mr Livingston said it had 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," he stated.

“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."

Mr Patterson, 45, said he was "delighted" to accept the position of Chief Executive of BT Group.

He claimed the company is in "a strong place", with "great opportunities" ahead both in the UK and internationally.

"We have the people, the technology and the plans we need to build on our current successes. I look forward to leading a dynamic team to ensure we do just that," he stated.

Sir Michael Rake, Chairman of BT, said the TV, home phone and broadband provider had appointed a "fitting and experienced successor" to Ian Livingston in Gavin Patterson.

"He has a detailed knowledge of all parts of our business and a track record of success. He was closely involved in creating our strategy and is the right person to take it forward," Sir Michael stated.

He predicted that BT will make "yet further progress" under the new Chief Executive.

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