Colt has promoted Gary Carr to CFO, reporting directly to CEO Carl Grivner.
He has 23 years leadership experience across the telecoms, IT and financial services sectors; and joined Colt five years ago as Group Financial Controller before taking up the Deputy CFO role.
Prior to joining Colt he held several roles across BT Global Services, including Vice President, Finance Control.
He also held various leadership roles at Siemens, including Finance Director and Acting Managing Director.
Grivner said: “During his time at Colt, Gary has demonstrated strong financial leadership and the team has already started to transform into one of the most agile functions within the company."
Carr added: “The industry is more fast-moving and dynamic than ever before. From a finance perspective, this rapid rate of change means that this function needs to be as innovative and agile as the rest of the business."