By Lisa Beilfuss
AT&T Inc. on Friday said it appointed Richard Fisher, who
recently left the Federal Reserve's policy-setting committee, to
its board of directors.
The move boosts the size of the company's board to 13 directors
from 12.
Chief Executive Randall Stephenson said Mr. Fisher adds banking
and foreign-policy experience to the company's board, in addition
to a "deep understanding of Mexico and Latin America," at a time
when AT&T has made recent acquisitions in Mexico.
Mr. Fisher led the Dallas Fed from 2005 until March of this
year. He was known as a hawkish member who dissented in recent
decisions on the grounds that the Fed should begin to lift interest
rates sooner rather than later.
Before his role at the Fed, Mr. Fisher worked for former
Secretary of State Henry Kissinger and served as Deputy U.S. Trade
Representative under President Bill Clinton.
Earlier this year, AT&T agreed to buy Mexico's third-largest
wireless company for $2.5 billion and said it would acquire NII
Holdings Inc.'s Mexico business for $1.9 billion--moves to expand
its revenue base in a country that, according to AT&T, has
about half the smartphone penetration of the U.S.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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