Erskine said it felt like "the right time to get some fresh thinking into the company", and described his leaving as "sensible and amicable". He added that he was flattered to be asked to keep his position on Telefonica’s board, and despite being "open-minded" about future non-executive roles, he would not be looking for a new CEO position.
With £12 million in his pocket from las year’s sale, it doesn’t look like he’s in any rush for a new job.
Matthew Key, currently chief executive of O2 UK, credited by Erskine with getting the UK business into the number one spot, will pick up the MD role from January.
A spokesperson said: ‘Matthew’s track record in the UK is phenomenal, and we are 100% confident that he will replicate his UK success in Europe.’
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