{"id":44179,"date":"2025-12-11T12:47:37","date_gmt":"2025-12-11T12:47:37","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=44179"},"modified":"2025-12-11T12:47:37","modified_gmt":"2025-12-11T12:47:37","slug":"its-technology-appoints-paolo-benedetto-as-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/12\/its-technology-appoints-paolo-benedetto-as-chief-financial-officer.html","title":{"rendered":"ITS Technology Appoints Paolo Benedetto as Chief Financial Officer"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.itstechnologygroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">ITS Technology Group<\/a>, 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 &#8220;<em>next phase of growth<\/em>&#8220;.<!--more--><\/p>\n<p>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 &#8220;<em>high-growth, founder-led and private equity-backed companies<\/em>&#8221; and has &#8220;<em>played a leading role in helping scale multiple organisations &#8230; through organic, acquisitional, and operational growth initiatives<\/em>&#8220;. This perhaps hints at ITS&#8217; own direction of travel.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> ITS Tech has previously secured an investment of \u00a3145m from <strong>Aviva Investors<\/strong> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2020\/01\/its-secure-45m-from-aviva-to-boost-uk-full-fibre-rollout-plan.html\">here<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/04\/its-technology-get-gbp100m-funding-for-uk-full-fibre-rollout.html\">here<\/a>), as well as \u00a3100m of debt financing from global investment firm Avenue Capital Group (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/10\/its-technologys-uk-full-fibre-rollout-gets-100m-funding-boost.html\">here<\/a>).<\/div>\n<p>The operator\u2019s full fibre network is currently said to \u201c<em>pass<\/em>\u201d more than <strong>465,000 UK businesses<\/strong> (inc. commercial premises), and they often claim to \u201c<em>reach the rest<\/em>\u201d through their trusted operator partners\u2019 infrastructure, which includes the likes of BTWholesale, Sky, PXC and <a class=\"shortlink shortlink-65\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" target=\"_blank\" rel=\"nofollow\" title=\"virgin media\">Virgin Media<\/a> Business.<\/p>\n<blockquote class=\"bq1\"><p><strong>Daren Baythorpe, CEO of ITS, said:<\/strong><\/p>\n<p>\u201cPaolo 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\u2019re delighted to welcome him to the team.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8220;next phase of growth&#8220;.<\/p>\n","protected":false},"author":1,"featured_media":20896,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,470],"class_list":["post-44179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-its-technology"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/115701013460006779","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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