O2 CEO Ronan Dunne has left the business, and stepped down from his role on the Telefonica board.
The O2 boss steps down after a 15-year tenure at the operator and an 9-year spell as CEO, the longest in the industry.
He is set to be replaced by O2 CFO Mark Evans who will also take on Dunne’s role on the Telefonica Executive Committee.
Dunne announced his intention to leave last September ahead of the proposed merger with Three. Following the rejection of the deal by the European Commission there was outside speculation that Dunne may continue in his role. As recently as May there were rumours that he would lead a management buyout at the network.
However, this news confirms that the O2 boss has decided to continue with the orignial plan.
Evans steps up
A former Vodafone exectutive CFO Mark Evans made the switch to O2 in January 2012 and has overseen a period of strong financial performance. It has been particularly impressive considering the difficult market conditions and uncertainty over O2’s ownership.
Speaking of his delight at landing the role Evans said: ‘I am hugely excited by the opportunity to lead O2 through its next chapter. O2 has a track record in redefining itself to keep pace with technology change and customer demand, and has an enormous amount to offer within the evolving telecoms market. I’m very much looking forward to maintaining the momentum in the business and striving to make our customers the most satisfied in the UK, long into the future.’
Ronan Dunne described the decision to leave as ‘difficult’: ‘O2 is a very special brand and business, which has made this an incredibly difficult decision to make. We have built an outstanding team to take the business forward and in Mark, Telefónica has chosen a colleague and leader with outstanding commercial acumen and a drive to win. I wish him, O2 and Telefónica every continued success.’
‘The decision to reconsolidate Telefónica UK represents an important and positive milestone for the business and marks the beginning of an exciting new chapter for O2.’