It is with great pleasure that Xtec Communications Ltd announces that Mr Andrew Buxton, after being a  shareholder within the company, has assumed the role of Chairman at Xtec.

After graduating from Oxford University,  Mr Buxton engaged in National Service with the Grenadier Guards. He joined Barclays Bank PLC  in 1963 and  rose to be in charge of the Bank’s Corporate Division. He became Chief Executive of Barclays in 1992 and Chairman in 1993.

After his retirement, he was posted as the Senior Advisor to the Barclays Bank group on Middle East business until 2003. Among other key positions that he held, Mr Buxton was President of the British Bankers' Association until 2002.

Mr Buxton obtained a Masters degree in Politics, Philosophy and Economics from Oxford University. He also has an Honorary Doctorate of Science from City University and is a member of the Governing Council of Imperial College of Science, Technology and Medicine. Additionally, Mr Buxton was Chairman of the Charing Cross and Westminster Medical School .  Mr Buxton is a Fellow of the Chartered Institute of Bankers and in June 2003, Mr Buxton was honoured in the Queen’s birthday honours where he was made a Companion of the Most Distinguished Order of St. Michael and St. George (CMG).

When people of this calibre notice the great strides that Xtec is making, and the vast potential that Xtec has, it gives the company a great feeling of accomplishment and satisfaction that somebody of Mr Buxton’s stature would wish to endorse the company in this way. It is a significant step for the company and alongside Xtec’s talented management team, the future for the company cannot come quickly enough.