By Julia La Roche for Yahoo Finance
AT&T’s (T) new CFO, Pascal Desroches, says his vision of success is leaving the telecommunications and media giant “in better stead than where we found it.”
“Ultimately, we are stewards. We inherited a great company, and we need to leave a better company for the next generation,” Desroches told Yahoo Finance in a wide-ranging conversation.
Desroches’ vision of a great company is leaving AT&T the “best communication and entertainment company in the world” that is “known for innovation” as well as “ethical behavior” and is “operated with integrity.”
“That’s the goal, and we’re committed to it,” the CFO added.
Desroches, who officially took the top finance job on April 1, is one of Yahoo Finance’s The Next: 21 to watch in 2021 series, 21 people we believe will leave an indelible mark this year.
As AT&T’s finance chief, Desroches allocates capital across the business with a focus on 5G, fiber-optic broadband, the HBO Max streaming service, and, of course, sustaining the dividend. Continue reading