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AT&T Shuffles Duties of Top Executives

February 13, 1999|Bloomberg News

New York--AT&T Corp., the largest U.S. long-distance phone company, said it's changing the duties of its top executives, giving Chairman and Chief Executive C. Michael Armstrong more control over Tele-Communications Inc. once its acquisition is completed.

Leo Hindery, president of Englewood, Colo.-based TCI, the No. 2 U.S. cable television company, will report to Armstrong. Previously, he was to report to AT&T President John Zeglis.

Zeglis will now oversee international operations and long-distance and wireless services.

Shares of New York-based AT&T fell $2.31 to close at $85.88 on the New York Stock Exchange.

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