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Tony is new finance director
Monday December 01st 2008. Posted: 11:02
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New group finance director Tony Chanmugam
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Tony Chanmugam has been appointed as BT's new group finance director - succeeding Hanif Lalani, who recently became chief executive of BT Global Services.
Until now, Tony has been chief financial officer of BT Retail - and managing director of BT Enterprises. During the four years Tony has spent at BT Retail, profits have been turned around from double-digit decline to healthy growth. And he has led efficiency programmes which have delivered annualised cost savings of around £1 billion. Tony said: “In a business where prices are falling all the time, cost and process transformation are the critical drivers of profitable growth. “This has been my principal focus in BT Retail, and at BT global solutions before that. I am extremely excited about the opportunity to apply the same determination to driving cost transformation through the BT Group.” From 1997 to 2004, Tony was chief financial officer and then chief operating officer at BT global solutions - a business unit serving multinational organisations in more than 100 countries. While he was there, the unit delivered annual growth of approximately 30 per cent to achieve annual revenues of around £3 billion. At the same time, it turned from a loss-making into a consistently profitable operation. Global solutions has since become part of BT Global Services. BT chief executive Ian Livingston said: “In each of the senior positions he has held in BT, Tony has delivered transformational change and well-controlled, profitable businesses. “Tony will now accelerate the pace of change across BT. I congratulate him on his appointment and welcome him on to the BT Group board.” Tony’s appointment takes immediate effect. - BT Today will have an exclusive audio interview with Tony at 14:00 (GMT) today.
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Last updated:
13:56