By a Staff Reporter
The Wall Street Journal
Tuesday, January 2, 2007
AT&T Inc., which closed its $85 billion acquisition of BellSouth
Corp. on Friday, unveiled its new management structure and added
three BellSouth directors to its board.
AT&T Chairman and Chief Executive Edward E. Whitacre Jr., 65
years old, will retain those posts in the merged company.
BellSouth Chairman and Chief Executive Duane Ackerman, 64, will
serve as chairman emeritus of BellSouth for a transition period
following the merger.
AT&T, San Antonio, named three BellSouth directors to the merged
company's board: Reuben V. Anderson, 64, a former Mississippi
Supreme Court justice; James H. Blanchard, 65, former chief
executive for Synovus Financial Corp.; and James P. Kelly, 63,
former chairman and chief executive for United Parcel Service
AT&T named Dick Anderson group president of global business
services, succeeding Forest Miller, who will be group president
of strategic initiatives and human resources. Mr. Anderson was
previously BellSouth's president of business markets. Rod Odom
was named president and CEO, AT&T Southeast. Previously, Mr.
Odom was president of network services for BellSouth.
Eight senior executives will report directly to Mr. Whitacre,
including senior vice presidents for advertising and legal, and
current AT&T Chief Operating Officer Randall Stephenson. Mr.
Anderson and Stan Sigman, president and chief executive of
wireless, will report to Mr. Stephenson.
The company said additional executive appointments will be
The Federal Communications Commission approved the deal, the
largest in U.S. telecommunications history, by a unanimous 4-0
vote Friday after AT&T offered a series of major concessions to
pacify consumer groups and regulators. The deal consolidates
the telecom giant's global dominance as a phone, Internet and
wireless provider and opens the way for it to offer TV service
to millions of consumers.
The merger creates a company that will have a market
capitalization of more than $220 billion -- more than twice that
of nearest rival Verizon Communications Inc. -- and will serve
67.5 million local-phone customers in 22 states, as well as 11.5
million broadband users.