Financial news

AT&T adds Seagate chairman Stephen Luczo to board

By  | 

Via Reuters Finance

FILE PHOTO: The AT&T logo is seen on a store in Golden, Colorado United States July 25, 2017. REUTERS/Rick Wilking/File Photo

(Reuters) – AT&T Inc (T.N) said on Friday it named Seagate Technology Plc (STX.O) chairman Stephen Luczo to its board, days after the second-largest U.S. wireless phone carrier by subscribers announced it would add two new board members.

The company earlier this week also unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year and paying off all its debt from the purchase of Time Warner, bowing to pressure from activist investor Elliott Management.

Luczo, who has also served as chief executive officer of Seagate, will be on AT&T board’s corporate development and finance committee, the company said.

Reporting by Ambhini Aishwarya in Bengaluru; Editing by Sriraj Kalluvila


Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  Intel struggles to close potentially damaging chip flaws