AT&T’s (T) chief financial officer, Pascal Desroches, has submitted his resignation to the company effective December 31, 2026, in a filing with the U.S. Securities and Exchange Commission. Concurrent with the announcement of Desroches resignation, AT&T (T) said it has hired former McAfee CFO Jennifer Biry as his replacement.
In the interim beginning July 6, Biry will serve as Deputy CFO and will assume the role of Senior Executive Vice President and Chief Financial Officer on January 1, 2027.
Desroches, who has been CFO since April 2021, submitted his resignation to the company on June 11.
The news of Desrochers impending exit jolted AT&T (T) shares, sending the stock nearly 3% lower in after-hours trading.
7 replies (most recent on top)
Another blonde for Stankey
Why must some of these high level suits be replaced? Think of how many others could be saved at the price they are paid to stay or go. I am certain their severance is far superior to anything mere mortals see.
AT&T gives 14 days notice now before a manager is off payroll, down from 60 days previously. It is unlikely for someone to find another job in 14 days within the Company, though it does happen periodically.
Think of how many would take an offer if AT&T were ever to do that again? I'd say very high numbers would take an enhanced offer just like in 1997.
"The news of Desrochers impending exit jolted AT&T (T) shares, sending the stock nearly 3% lower in after-hours trading"... that is quite a compliment ....or maybe an insult to biry? spare me.. or did the stock slump because the stank is still lingering?
So look at her job history. She worked most of her career at AT&T, then Warner Media, then Mcafee. So basically she got shoved into WM during that failed attemp, left WM and now is coming back? Makes you question her intelligence.
So we’re getting a CFO from a financially failed company. What could go wrong!
It’s fitting we’re getting our CFO from a company that makes bloatware
First