Alvarez is named new chief executive of BT Global

Luis Alvarez is to become the chief executive of BT Global Services, the business that forced the telecoms group to issue a huge profits warning four years ago.

Mr Alvarez has been with BT for 12 years, most recently as head of Global Services, Europe.

He will take over from Jeff Kelly, who is returning to his native US after three years turning the division around and back into profit. He will take a part-time role as consultant to BT.