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OVUM COMMENT Richard Mahony, practice leader at Ovum Trouble at the top - BT Global Services CEO departs after only 18 months.

Publication: M2 Presswire
Publication Date: 31-OCT-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 October 2008-OVUM: OVUM COMMENT Richard Mahony, practice leader at Ovum Trouble at the top - BT Global Services CEO departs after only 18 months(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31102008

Francois Barrault was a formidable character in BT Global Services, and whilst he has been at the helm of the group its revenue performance has been stellar. In fact, the business today advised that BT Global Services will report 15% year-on-year growth.

However, it is the EBITDA performance that has most likely created tension between salesman Francois Barrault and the former accountant CEO Ian Livingstone. Accompanying today's announcement was revised guidance that BT Global Services' EBITDA would be in the range of 7-8%, which is below city expectations for the financial year. Ian Livingstone described BT Global Services' performance as disappointing - an assessment that no doubt contributed to Barrault's departure.

For some time BT Global Services has been chasing a well-publicised EBITDA...

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