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Olaf Swantee, CEO of mobile network operator EE, will exit the business after the closure of its £12.5bn acquisition by BT, which is expected to complete within the next month, subject to final approval.
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On closure of the deal, which has been in progress for more than 12 months, EE will become a new line of business within the wider BT Group, and will be led by Marc Allera, currently chief commercial officer at EE.
Allera, a 15-year mobile sector veteran, has been with EE for over four years and helped to spearhead the introduction and roll-out of its 4G mobile service, currently the most widely available in the UK.
Dutch national Swantee – a former France Telecom exec – was parachuted in at about the same time to help complete the integration of the Orange and T-Mobile businesses that now make up EE in the UK.
“I’ve taken the enormously difficult decision to step down from my role as CEO and pursue new opportunities,” said Swantee in a statement.
“I am immensely proud of the past four and a half years, creating, launching and growing EE to the exciting business it is today. It has been a period of great success. To leave is probably the hardest decision of my career.”
EE chairman and Deutsche Telekom CFO Thomas Dannenfeldt said: “Based on a strategy of network and service supremacy, EE has shown a tremendously successful market and financial performance over a number of years. Marc [Allera] has already greatly contributed to this success in the past and I wish him the best of luck in his new role.”