AT&T’s Chief Financial Officer Pascal Desroches has announced that he’s retiring from the company on December 31, 2026, according to an 8-K filing with the U.S. Securities and Exchange Commission.
Concurrently, AT&T has appointed Jennifer Biry as deputy chief financial officer, effective July 6. Then, Biry will assume the role of chief financial officer on January 1, 2027.
Biry, 52, was most recently CFO and chief operating officer of McAfee, an online security company, where she worked since 2022. Prior to McAfee, she did a stint as executive vice president and CFO at WarnerMedia from 2020 to 2022.
But Biry is actually an AT&T alum, having worked for the company for 22 years, between 1999 and 2020. Her last role at AT&T was SVP of finance.
In a LinkedIn posting, Biry said, “AT&T played an important role in shaping my career. The opportunity to return to the company at such a pivotal point in its transformation is a full-circle moment that truly feels like coming home. Leading finance and operations at McAfee gave me a front-row seat to software and cybersecurity innovation, deepening my appreciation for how rapidly technology is reshaping the world. These learnings fit perfectly with the work AT&T is doing to build secure, future-ready networks for an increasingly connected world.”
Desroches' tenure
Desroches has been CFO at AT&T for five years — since April 2021. He’s been a steady CFO, well received by Wall Street investors.
AT&T CEO John Stankey said on LinkedIn, “Pascal has been an exceptional partner and a principled leader. It was clear from our first introduction in 2017 that he was always focused on improving the business and doing it the right way. His financial discipline, strategic insight, and willingness to clinically address important issues have helped strengthen our company and sharpen our focus on the opportunities ahead.”