AT&T adds Seagate chairman Stephen Luczo to board

(Reuters) – AT&T Inc (N:) said on Friday it named Seagate Technology Plc (O:) chairman Stephen Luczo to its board, days after the second-largest U.S. wireless phone carrier by subscribers announced it would add two new board members.

The company earlier this week also unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year and paying off all its debt from the purchase of Time Warner, bowing to pressure from activist investor Elliott Management.

Luczo, who has also served as chief executive officer of Seagate, will be on AT&T board’s corporate development and finance committee, the company said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.