{"id":123232,"date":"2020-11-18T10:11:36","date_gmt":"2020-11-18T10:11:36","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=302322"},"modified":"2020-11-18T10:11:36","modified_gmt":"2020-11-18T10:11:36","slug":"att-cfo-plans-retirement","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/11\/18\/att-cfo-plans-retirement\/","title":{"rendered":"AT&T CFO plans retirement"},"content":{"rendered":"

<\/p>\n

\tAT&T named the finance chief of its WarnerMedia unit Pascal Desroches as the replacement for CFO John Stephens (pictured), who is set to retire at end-March 2021 after nearly three decades with the company.<\/p>\n

Desroches will assume his new role on 1 April 2021, and will serve as SEVP of finance in the meantime.<\/p>\n

He previously held positions as SVP and global controller at Time Warner prior to its acquisition by AT&T in 2018 [1], and EVP and CFO of Time Warner subsidiary Turner Broadcasting.<\/p>\n

AT&T CEO John Stankey in a statement thanked Stephens for his \u201ctireless dedication and many significant contributions to AT&T over the years\u201d, adding Desroches will bring \u201cdeep and broad experience\u201d spanning media, telecom, corporate finance, public accounting and regulatory compliance.<\/p>\n

Stephens joined AT&T in 1992 and became CFO in June 2011.<\/p>\n

The change comes as AT&T forges ahead with a multi-year cost-reduction campaign spurred by activist investor Elliott Management, aiming to slash debt by selling off non-core assets [2] and lowering network, staffing and corporate expenses [3].<\/p>\n

Elliott Management this week revealed it offloaded its stake during Q3 [4].<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/att-closes-blockbuster-time-warner-deal
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/att-lays-out-strategy-following-investor-criticism
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-refocuses-cost-reduction-targets
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/activist-investor-offloads-att-stake<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

AT&T named the finance chief of its WarnerMedia unit Pascal Desroches as the replacement for …<\/p>\n

The post AT&T CFO plans retirement<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"AT&T CFO plans retirement - ITTeacherITFreelance.hk","description":"AT&T named the finance chief of its WarnerMedia unit Pascal Desroches as the replacement for ... The post AT&T CFO plans retirement appeared first on Mo"},"footnotes":""},"categories":[11,8],"tags":[6366],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/123232"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=123232"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/123232\/revisions"}],"predecessor-version":[{"id":123233,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/123232\/revisions\/123233"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=123232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=123232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=123232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}