ITS Technology Appoints Paolo Benedetto as Chief Financial Officer

The ITS Technology Group, which have deployed various open access and business-focused full fibre broadband and Ethernet networks across parts of the United Kingdom, has today announced the appointment of Paolo Benedetto to be their new Chief Financial Officer (CFO) ahead of entering its “next phase of growth“.

Paolo, who most recently served in the bakery sector as CFO for Village Bakery (and the St Pierre Group before that), is said to bring significant experience with him from “high-growth, founder-led and private equity-backed companies” and has “played a leading role in helping scale multiple organisations … through organic, acquisitional, and operational growth initiatives“. This perhaps hints at ITS’ own direction of travel.

The operator’s full fibre network is currently said to “pass” more than 465,000 UK businesses (inc. commercial premises), and they often claim to “reach the rest” through their trusted operator partners’ infrastructure, which includes the likes of BTWholesale, Sky, PXC and Virgin Media Business.

Daren Baythorpe, CEO of ITS, said:

“Paolo brings a strong track record of helping businesses scale responsibly and confidently. His experience in driving high-growth, investment and financial discipline will be invaluable as ITS delivers on its own ambitious growth plans, expands its reach and works with major partners to reshape business connectivity. We’re delighted to welcome him to the team.”