PracticeAccounting FirmsSir Mike Rake to chair BT

Sir Mike Rake to chair BT

KPMG global chairman set to leave his current role at Big Four firm to take up plum role at telecoms giant in September

BT has announced today that Sir Mike Rake has been selected as its next
chairman.

It appears that Sir Mike will relinquish his current role at KPMG to take up
the position: ‘I have enjoyed my time at KPMG immensely and it has been a huge
privilege to be both chairman of the UK Firm and KPMG International.’ he said.  

‘But I feel that now is the right time for change – and I will be leaving
KPMG at a time when it is in extremely good shape, has a very strong leadership
team and is seeing exceptional growth and performance in key areas of the
world.’

In releasing the news, BT praised Sir Mike’s efforts at KPMG stating that he
would ‘bring extensive international experience to BT as it continues to expand
its global business.’ 

BT chief exec Ben Verwaayen added: ‘I congratulate Michael on his outstanding
achievement at KPMG. I am excited at the prospect of working together with him
at BT. We have accomplished a great deal, but there is still much more work to
be done building BT’s global presence and ensuring that the UK stays at the
forefront of the broadband revolution. Throughout his career Michael has
demonstrated both dynamism and vision. These are qualities that will help BT
succeed through the
next phase of its transformation.’ 

KPMG’s current figurehead will succeed Sir Christopher Bland when he steps
down in September 2007.

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