MUMBAI: The Ofcom Board today announced that Stephen Carter will stand down from his role as CEO with effect from 15 October 2006.

Carter will continue to lead all operational and financial matters until that date, but from 1 August 2006 will not be party to Ofcom's economic, competition and policy decisions.

Ofcom chairman David Currie said, "Stephen took on an immensely challenging task - and has performed outstandingly. His legacy is an effective and credible organisation which plays an important role in delivering greater choice, lower prices and greater innovation."

Carter said, "There is never a good time to leave a great job. However, Ofcom is now firmly established, broadband and digital competition are delivering real results, and the recent extension of David's term makes for an orderly transition."