Kennard to Become AT&T Chairman in January

AT&T's board picked ex-FCC Chairman William Kennard as chairman, following the January retirement of Randall Stephenson, currently AT&T’s executive chairman. Kennard, the second FCC chairman under President Bill Clinton, from 1997 to 2001, subsequently worked for the Carlyle Group and was ambassador to the European Union. AT&T previously said the board would elect an independent chairman after Stephenson’s retirement, said a Friday news release. “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,” Stephenson said. John Stankey replaced Stephenson as CEO July 1 (see 2004240027).