BT 2001 Annual Report Download - page 5
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BT Annual report and Form 20-F 05
I would like to pay tribute to Sir Iain
Vallance, my predecessor. As successively
Director, Chief Executive and Chairman of
BT, he played a major role in the
development of BT from a nationalised
utility into a leading player in the
telecommunications industry.
In conclusion, I recognise that it will
require determined and rapid action by BT
management to achieve the transformation
of the company. We have made a good
start, the culture is changing, and I am
con¢dent that we can complete the process
in the best interests of our shareholders,
our customers and our employees.
Sir Christopher Bland Chairman
22 May 2001
‘‘This amounts to nothing less
than a structural and financial
transformation of BT.’’