AT&T Elects Fazal F. Merchant to Board of Directors
AT&T adds experienced finance and technology executive Fazal F. Merchant to its board, assigning him to key audit and corporate development committees.
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Rhea-AI Summary
AT&T (T) elected Fazal F. Merchant to its board of directors, effective September 8. He will serve on the Audit Committee and the Corporate Development and Finance Committee.
Merchant was most recently President and Chief Financial Officer of cloud and AI security firm Wiz. His prior roles include Co-CEO, COO and CFO of Tanium, senior leadership positions at DreamWorks Animation and DIRECTV, and earlier work in investment banking and at Ford. He also serves on the board of Warner Bros. Discovery.
Details
News Market Reaction – T
On Sep 10, the first trading day after this news, T closed 1.59% above the previous close.
Data tracked by StockTitan Argus for the Sep 10 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Key Takeaways:
- Fazal F. Merchant joined the AT&T Board, effective Sept. 8.
- Merchant will serve on the Audit Committee and the Corporate Development and Finance Committee.
Merchant most recently served as President and Chief Financial Officer of Wiz, Inc. – a leading cloud and AI security company. He previously was Co-Chief Executive Officer, Chief Operating Officer and Chief Financial Officer of Tanium Inc.
"Fazal is a great addition to our board, bringing deep expertise across corporate development, finance and technology," said John Stankey, AT&T Chairman and CEO. "Fazal's experience scaling high-growth businesses and helping companies navigate periods of transformation will be invaluable as we continue to evolve, invest for growth, and create long-term value for our shareholders."
Merchant previously held senior leadership roles at DreamWorks Animation and DIRECTV, including Chief Financial Officer of DIRECTV Latin America. During his tenure at both companies, he oversaw major strategic transactions. Earlier, he worked in investment banking at Barclays Capital and the Royal Bank of
Merchant serves on the board of Warner Bros. Discovery and previously served on the boards of Ariel Investments, Ryman Hospitality Properties, Inc. and Meritor, Inc. He also spent several years serving as a senior advisor to Sixth Street Partners.
Merchant holds a Bachelor of Business Administration from The University of
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