William E. Kennard to replace Randall Stephenson as AT&T chairman

Nov. 9, 2020
Kennard is a former chairman of the U.S. Federal Communications Commission (FCC) who has served on AT&T’s board since 2014.

William E. Kennard will replace the retiring Randall Stephenson as chairman of the board of AT&T Inc. (NYSE:T) effective January 2021. Kennard is a former chairman of the U.S. Federal Communications Commission (FCC) who has served on AT&T’s board since 2014.

Kennard currently serves on the board’s corporate governance and nominating committee and the public policy and corporate reputation committee. He joined AT&T’s board after serving as U.S. Ambassador to the European Union from 2009 to 2013. His work at the FCC began in 1993 when he was named general counsel, a position he held until he was appointed chairman in 1997. Kennard also has worked at asset management firm The Carlyle Group as well as at 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. He also serves on the boards of Duke Energy Corp., Ford Motor Co., and MetLife, Inc. He is also co-founder of private-equity firm Astra Capital Management.

“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 Stephenson (see "Randall Stephenson to give up AT&T CEO role in July"). “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.”

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