By Telecom Lead Team: Mobile major AT&T
has named key executives to further position the company at the forefront of
the industry’s biggest growth opportunities.
The restructuring is happening at a time
when AT&T reported 80 percent dip in profit at $3.9 billion in 2011.
AT&T income up 2 percent at $124.28 billion in 2011
AT&T has reported 2 percent increase in
sales at $124.28 billion in 2011 against $126.72 billion in 2010. The dismal
growth was primarily because of an 11.3 percent drop in voice revenue in 2011.
AT&T posted a 3.6 increase in Q4 2011 revenue at $32.5 billion against $31.36
billion.
The telecom major reported 80 percent dip
in profit at $3.9 billion in 2011 from $19.86 billion in 2010. In Q4 2011, it
posted net loss of $6.67 billion against a profit of $1.08 billion. In 2011,
AT&T’s growth engines – wireless, wireline data and managed services –
represented 76 percent of total revenues and grew 7.5 percent versus 2010.
Reporting to AT&T chairman and
CEO Randall Stephenson are:
John Stankey, group president & chief
strategy officer, will be responsible for developing the roadmap to maximize
future growth opportunities, including corporate development, addressing
long-term wireless-capacity needs, capital allocation strategies and
identifying the best strategic paths for low-growth and non-strategic assets.
Ralph de la Vega is president and CEO of
AT&T Mobility. de la Vega continues to lead AT&T’s largest growth
engine. He will focus on expanding the company’s industry leading smartphone
position, a key growth platform to meet increasing customer demand for
everything mobile.
Andy Geisse, senior executive vice
president, AT&T Business and Home Solutions, will be responsible for
serving the business segment from global enterprise customers to small
businesses. Additionally, Geisse will lead the Home Solutions team focused on
U-verse, broadband and voice services for AT&T’s 22-state local wireline
operations.
John Donovan, senior executive vice
president, AT&T Technology and Network Operations, will be responsible for
AT&T’s technology and network operations, including the nation’s fastest
mobile broadband network.
“We have an outstanding group of the
industry’s best technology executives focused on the biggest growth
opportunities. We’ll continue to deliver for our customers, owners and the
communities we serve,” Stephenson said.
editor@telecomlead.com
