AT&T names new finance chief as Pascal Desroches plans 2026 retirement
AT&T is setting up a finance leadership transition more than six months ahead of the change, with Jennifer Biry due to take over as chief financial officer at the start of 2027. The move follows her appointment as deputy CFO and keeps a long-serving company executive in line for one of the telecom group's top roles.
Highlights
- AT&T announced CFO Pascal Desroches will retire effective December 31, 2026, with Jennifer Biry named his successor starting in 2027.
- Jennifer Biry, formerly CFO of McAfee and WarnerMedia, was appointed deputy CFO after holding senior roles in AT&T since 1999.
- Desroches led cost cuts, balance sheet simplification, and significant 5G and fiber investments, providing a structured finance succession as AT&T manages capital allocation.
Leadership transition and timing
As reported by AT&T in a company filing, Pascal Desroches will retire as chief financial officer effective December 31, 2026, and Jennifer Biry is set to succeed him at the start of 2027.Biry, the former CFO of McAfee, was appointed AT&T's deputy CFO on Monday. She has held senior positions at AT&T since 1999 across finance, sales and strategy, and also served as CFO of WarnerMedia from 2020 to 2022 when it was an AT&T unit.
Operational backdrop for AT&T
Desroches joined AT&T in 2021 and has led cost cuts, balance sheet simplification, and major investments in 5G and fiber during his tenure.The planned handover gives AT&T a defined succession path for its finance function as the telecom group continues to manage capital allocation and network investment priorities.
In our earlier article on Lucid Motors’ leadership turnover and legal overhang, we noted that additional senior management exits were emerging just as the company approached a key midsize EV launch. We also highlighted that ongoing securities-fraud litigation tied to alleged undisclosed supplier issues was adding to uncertainty, while technical indicators kept the stock under pressure near the $5.00 support area.
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