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AT&T Unveils New Structure
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 Inc.

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 announced soon.

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.