AT&T Names Samuel Di Piazza Chairman of Warner Bros. Discovery
16.03.2022 - 00:23
/ variety.com
Todd Spangler NY Digital EditorSamuel Di Piazza Jr. will serve as the chairman of Warner Bros.
Discovery following the close of the deal to combine the two media companies, AT&T announced.Di Piazza, previously global CEO of PricewaterhouseCoopers from 2002 until his retirement in 2009, was among the seven board members of the combined WarnerMedia-Discovery that AT&T announced Tuesday. The Warner Bros.
Discovery board of directors will comprise 13 members, seven appointed by AT&T and six by Discovery.Following the approval of the Discovery-WarnerMedia merger by Discovery shareholders last week, the $43 billion deal is expected to close early in the second quarter.The seven directors appointed by AT&T are: DiPiazza; Li Haslett Chen, founder and CEO of commerce and payments platform Narrativ; Richard Fisher, senior adviser to Barclays and former president/CEO of the Federal Reserve Bank of Dallas; Debra Lee, previously chair and CEO of BET Networks; Fazal Merchant, senior adviser to Sixth Street Partners; Paula Price, most recently EVP and CFO of Macy’s; and Geoff Yang, founding partner and managing director of Redpoint Ventures. DiPiazza, Lee and Yang currently serve on the AT&T board of directors and will resign those positions at the close of the Discovery transaction.
Following their departure, AT&T expects to reduce the number of board directors from 13 to 10, “reflecting the company’s more focused business model.”Discovery’s designated members, as previously announced, are: David Zaslav, who is set to become president and CEO of Warner Bros. Discovery; Robert Bennett, managing director of investment firm Hilltop Investments; John Malone, chairman of Liberty Media, Liberty Broadband and Liberty Global; Paul Gould,
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