SBC Communications Inc. today announced the senior management team that will lead the company when its acquisition of AT&T is completed, which is expected later this month. At that time, SBC will adopt AT&T, Inc. as the new company name.
Edward E. Whitacre Jr. will be chairman of the board and chief executive officer of the new AT&T.
Whitacre, 64, has reshaped the telecommunications landscape through a sweeping series of acquisitions, guiding the growth of SBC from the smallest regional Bell company to what will be the largest telecom company in America, once the AT&T merger closes.
Reporting to Whitacre will be:
"This is a superior management team. They are the best in the industry, and I am confident they will do an outstanding job at this critical time in our company's history," said Whitacre. "We are looking forward to hitting the ground running the minute the merger closes."
In addition, the company announced that David Dorman, 51, current CEO and chairman of AT&T, will become president of the new AT&T and a member of the board of directors for a brief transition period, after which he will resign from both positions. Dorman will then continue as a consultant to the combined company.
SBC's acquisition of AT&T has been approved by 35 of 36 states and the District of Columbia, as well as by the Federal Communications Commission and the U.S. Department of Justice. The California Public Utilities Commission, which is the final regulatory body that must approve the merger, is expected to vote on Nov. 18.