AT&T Chief Financial Officer John Stephens to Retire in March 2021
November 17 2020 - 11:35AM
Business Wire
WarnerMedia’s Pascal Desroches to Succeed
Stephens
AT&T* ( NYSE:T)
Chief Financial Officer John
Stephens has announced his plans to retire next March after 28
years with the company. WarnerMedia CFO Pascal Desroches has been
named to succeed Stephens, effective April 1, 2021. During the
transition period, Desroches will serve as AT&T’s senior
executive vice president – finance.
Stephens began his tenure as CFO in 2011 and helped lead
AT&T during a period of tremendous investment in its
capabilities to position the company for the years ahead.
“I greatly appreciate John’s outstanding leadership, tireless
dedication and many significant contributions to AT&T over the
years,” said John Stankey, AT&T CEO. “His financial expertise
and strong commitment to our investors, employees and customers
have been invaluable as we invested to become a leader in
connectivity and content. He has helped us maintain the financial
strength and flexibility needed to create long-term value for
shareowners. While he won’t be retiring until next spring, I want
to take this opportunity to wish John and his family all our best
in the years ahead.”
“Pascal is an impressive financial executive whose strategic
thinking and leadership I’ve seen first-hand at WarnerMedia. His
deep and broad experience spans media and telecom, as well as
corporate finance, public accounting and regulatory compliance,”
Stankey said. “I look forward to working closely with him again as
we execute on our plans across AT&T to invest in our growth
platforms, operate effectively and efficiently, and deliver value
to our investors and customers.”
Prior to serving as CFO at WarnerMedia, Desroches was CFO at
Turner and global controller at Time Warner Inc. Before he joined
Time Warner, Desroches was a partner at KPMG and served as a senior
advisor to the chief accountant of the U.S. Securities and Exchange
Commission.
He holds a B.S. in accounting from St. John’s University and an
M.B.A. from the Columbia Business School at Columbia
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.
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Fletcher Cook AT&T Corporate Communications Phone: (214)
912-8541 Email: fletcher.cook@att.com
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