BT Engage IT has finally broken its silence over the long expected departure of boss Nick Gorringe, who leaves at the end of this month.
Speculation about his exit started in July but the reseller and its telco parent refused to confirm or deny such talk in the industry. Sources reckon BT was trying to convince Gorringe to remain at the helm.
"After 16 years, Nick Gorringe, managing director of BT Engage IT, has decided to leave the company to pursue other ambitions both personally and professionally," said Bill Murphy, managing director at BT Business.
"Nick will be officially stepping down at the end of September but will continue to support the Board is an advisory capacity in the following months," he told MicroScope.
Gorringe joined Basilica in 1994 as a pre-sales support consultant and spearheaded an MBO at the firm in 2002, accompanied by fellow directors Chris Leigh, Allan Mulliner, Nick Wiltshire and Julian Kenney.
In 2007, BT paid out around £24m for Basilica and later that year the telco giant also forked out for Lynx Technology. The acquired firms were rebranded as BT Engage IT earlier this year.
More recently, the hardware business unit at BSG was transferred to BT's reseller arm in June.
A replacement for Gorringe will be announced imminently.