William E. Kennard Named Chairman of AT&T’s Board of Directors
November 06 2020 - 2:00PM
Business Wire
The board of directors of AT&T Inc.* (NYSE:T) has selected
William E. Kennard to serve as its chairman, effective January
2021, upon the retirement of Randall Stephenson, currently
AT&T’s executive chairman of the board.
AT&T announced earlier this year its plan to elect an
independent chairman when Mr. Stephenson retired from the board in
January, after serving as chairman since 2007. This change
continues AT&T’s commitment to strong corporate governance.
Mr. Kennard served as general counsel to the U.S. Federal
Communications Commission from 1993 to 1997. In 1997, he was
appointed FCC Chairman, a position he held until 2001. From 2009 to
2013, he served as the U.S. Ambassador to the European Union.
Kennard also has held positions with The Carlyle Group, a global
asset management firm, at which he led investments in the
telecommunications and media sectors, and the law firm of Verner,
Liipfert, Bernhard, McPherson and Hand (now DLA Piper), where he
was a partner and member of the board of directors.
“Bill’s deep knowledge of communications, media and technology,
proven leadership and broad experience across capital markets and
government uniquely positions him to serve as AT&T’s new
chairman,” Stephenson said. “He is an outstanding choice to lead
our board of talented directors who possess diverse expertise and
experience.”
“It’s an honor to be selected to serve as chairman of AT&T’s
board of directors,” Kennard said. “On behalf of the board, I want
to thank Randall for his outstanding leadership and countless
contributions as chairman. We wish him all the best. I look forward
to working with our CEO and fellow board member John Stankey and
the entire board to continue creating long-term value for all
stakeholders – investors, customers, employees and the communities
we serve.”
Mr. Kennard joined AT&T’s board of directors in 2014. He
currently serves on the corporate governance and nominating
committee and the public policy and corporate reputation
committee.
Kennard serves on the boards of Duke Energy Corporation, Ford
Motor Company and MetLife, Inc. He is also co-founder of Astra
Capital Management, a private equity firm.
Kennard received his B.A. in Communications from Stanford
University and earned his law degree from Yale Law School. He
currently serves on the board of trustees of Yale University.
*About AT&T AT&T Inc. (NYSE:T) is a diversified,
global leader in telecommunications, media and entertainment, and
technology. WarnerMedia is a leading media and entertainment
company that creates and distributes premium and popular content to
global audiences through its consumer brands, including: HBO, HBO
Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New
Line, Cartoon Network, Adult Swim and Turner Classic Movies. Xandr,
now part of WarnerMedia, provides marketers with innovative and
relevant advertising solutions for consumers around premium video
content and digital advertising through its platform. AT&T
Communications provides more than 100 million U.S. consumers with
entertainment and communications experiences across TV, mobile and
broadband. Plus, it serves high-speed, highly secure connectivity
and smart solutions to nearly 3 million business customers.
AT&T Latin America provides pay-TV services across 10 countries
and territories in Latin America and the Caribbean and wireless
services to consumers and businesses in Mexico.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2020 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
Cautionary Language Concerning Forward-Looking
Statements
Information set forth in this news release contains financial
estimates and other forward-looking statements that are subject to
risks and uncertainties, and actual results might differ
materially. A discussion of factors that may affect future results
is contained in AT&T’s filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update and revise
statements contained in this news release based on new information
or otherwise.
This news release may contain certain non-GAAP financial
measures. Reconciliations between the non-GAAP financial measures
and the GAAP financial measures are available on the company’s
website at https://investors.att.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201106005522/en/
Daphne Avila AT&T Inc. Phone: (972) 266-3866 Email:
daphne.avila@att.com
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