BTC CEO Francis Mussenden To Retire

August 31, 2010

The Bermuda Telephone Company Ltd [BTC] today [Aug 31] announced the retirement of President and CEO Mr. Francis Mussenden effective 1 September 2010. Mrs. Sheila Lines, CEO of KeyTech Ltd the parent company of BTC announced in her letter to staff, “The BTC Board of Directors has accepted the early retirement of Mr. Francis Mussenden, CEO of BTC effective 1 September 2010.”

Mrs. Lines continued, “Francis has enjoyed a long and distinguished career with BTC that spans 35 years. He has been the recipient of the prestigious Sir John Cox Award, and excelled in many areas where he has worked, resulting in continual career progression throughout BTC. While at BTC, Francis completed his Electrical Engineering degree at Howard University and an MBA and M.A. in Management at Webster University as well as Executive Programmes at Harvard Business School, Queens University, Wharton School of Business and at the London Business School. For the last eight years he has held the position of President and Chief Executive Officer. We hope you will join us in wishing Francis all the very best success in the future.”

In announcing the replacement Mrs. Lines said, “Mr. Lloyd Fray has been appointed as CEO of BTC effective September 1st. Lloyd joined the KeyTech group in 2003 as CEO of M3 Wireless and since that time Logic Communications has been added to his remit as CEO and, he has served as a Director on the BTC board. Lloyd is a seasoned leader who brings strong knowledge of Bermuda communications and our group of companies to the role. These new responsibilities reflect Lloyd’s continued career progression at KeyTech.”

In the interim transitional period Mrs. Lines will assume the position of CEO of M3 Wireless and Logic Communications

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