Telecommunications company AT&T said on Tuesday that its current chief financial officer, Pascal Desroches, will retire at the close of 2026, with his retirement effective December 31, 2026. The company also disclosed that Jennifer Biry will take over the CFO role at the beginning of 2027.
Biry, who was appointed AT&T deputy CFO on Monday, has recent experience as the chief financial officer of McAfee and a long history with AT&T. The filing states she has held senior-level roles at the company since 1999, working across finance, sales and strategy functions.
Her CV with AT&T also includes a period from 2020 to 2022 when she served as CFO of WarnerMedia while it remained an AT&T unit. The transition positions Biry to move from the deputy CFO post into the top finance role at the start of 2027.
Pascal Desroches joined AT&T in 2021. During his tenure, the company filing notes he led programs involving cost reductions, simplification of the balance sheet and significant investments in 5G and fiber network buildouts. Desroches' retirement announcement indicates those responsibilities will pass to AT&T's incoming finance chief at the outset of next year.
The company filing provides the timeline for the leadership change without further commentary on subsequent operational plans or strategic adjustments to financial programs. The filing records the personnel moves and the effective dates - with Desroches' retirement set for the end of 2026 and Biry's CFO role beginning in 2027.
Context provided in the filing
- Jennifer Biry is named to become AT&T CFO at the start of 2027.
- She was appointed deputy CFO on Monday.
- Biry has held senior-level roles at AT&T since 1999 and served as CFO of WarnerMedia from 2020 to 2022 when that business was part of AT&T.
- Pascal Desroches will retire effective December 31, 2026; he joined AT&T in 2021 and led cost-cutting, balance-sheet simplification and major 5G and fiber investments.