AT&T's Ed Whitacre Honored with CEO of the Year Award from Frost & Sullivan
Palo Alto, California, January 25, 2006
Frost & Sullivan today announced that Edward E. Whitacre Jr., chairman and CEO of AT&T Inc., has been named the 2006 CEO of the Year.
This Frost & Sullivan Award is bestowed each year upon the CEO/executive who has demonstrated leadership excellence within his/her industry. The Award recipient also has distinguished himself/herself from competitors by pursuing a unique restructuring, organizational management reengineering, or competitive roadmap that has resulted in propelling or sustaining the company's market position.
"Few CEOs have had to deal with the breath and depth of market challenges as Mr. Whitacre has during his time as Chairman and CEO of SBC, now AT&T," states Frost & Sullivan Research Analyst Paul Waadevig. "SBC has outperformed and, in many ways, outclassed other former regional Bell operating companies."
Through strategic mergers & acquisitions and savvy market acumen, Mr. Whitacre has led his company through a market that has transformed itself several times over since he became chairman of the board and CEO in 1990. The company was then known then as Southwestern Bell Corporation. It was the smallest of the "Baby Bell" regional operating companies.
Perhaps the most significant single event driven by his leadership occurred last year, when SBC acquired AT&T. The acquisition, and Mr. Whitacre's subsequent decision to retain the AT&T brand, will have effects on the market for years to come.
Mr. Whitacre firmly believes in the strong synergies of the new AT&T, stating, "The combination of the SBC companies' dense, fiber-powered local networks and wireless capabilities, along with AT&T Corp.'s advanced, powerful IP backbone and research facilities, creates the ideal provider for a new era in communications and entertainment. We are well-positioned to deliver an array of integrated voice, video and data services to consumers and businesses of all sizes."
Mr. Whitacre has a deep appreciation for AT&T's accomplishments and for what it represents in the history of American business. "No other brand is better-suited than AT&T to represent the new company's diverse capabilities in the business market, commitment to reliability, quality and integrity, and its passion to deliver meaningful innovations and unsurpassed customer care. Our decision was based on extensive market research and customer insight," Mr. Whitacre told Frost & Sullivan.
And as the longest tenured telecom CEO, Mr. Whitacre retains a driving vision for the future. In framing the future for the company he leads, his views are focused on capturing the eyes and ears of businesses and consumers: "Our goal is to be the only communications and entertainment company our customers will ever want. That's what the merger is about."
For his market foresight, business understanding and overall performance as Chairman and CEO of SBC and the ability to move goals to reality, culminating a general philosophy into the reality of the acquisition of AT&T, Mr. Whitacre is most deserving of Frost & Sullivan's CEO of the Year Award.
Held in Phoenix, Frost & Sullivan's Information & Communications Technologies Awards Banquet honors world-class companies for contributing innovative developments to the industry, as well as companies yielding breakthrough technologies in a variety of fields within the information and communication market. An annual event, the banquet recognizes the quality and merit of distinguished individuals and companies that deliver unparalleled insight on the industry, products and services.
About the New AT&T
AT&T Inc. is one of the world's largest telecommunications holding companies and is the largest in the United States. Operating globally under the AT&T brand, AT&T companies are recognized as the leading worldwide providers of IP-based communications services to business and as leading U.S. providers of high-speed DSL Internet, local and long-distance voice, and directory publishing and advertising services. AT&T Inc. holds a 60 percent ownership interest in Cingular Wireless, which is the No. 1 U.S. wireless services provider with more than 52 million wireless customers. Additional information about AT&T Inc. and AT&T products and services is available at www.TheNewATT.com.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.