– USA, TX – AT&T Inc (NYSE: T) today announced that its board of directors has selected William Kennard to serve as its chairman, effective January 2021.
AT&T announced earlier this year the continued commitment to further strengthen corporate governance by electing an independent chairman when Randall Stephenson retired from the board in January, after serving as chairman since 2007.
“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,” commented Randall Stephenson. “He is an outstanding choice to lead our board of talented directors who possess diverse expertise and experience.”
About William Kennard
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 where he was a partner and member of the board of directors.
“It’s an honor to be selected to serve as chairman of AT&T’s board of directors,” said Kennard. “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. 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.
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