AT&T's Lurie Promoted to CEO of Mobility
Glenn Lurie, AT&T's head of machine-to-machine (M2M) communications, has been promoted to the top slot, replacing Ralph de la Vega as the CEO of AT&T Mobility. De la Vega will take on the CEO slot of AT&T's newly formed Mobile and Business Solutions Group.
AT&T Inc. (NYSE: T) announced Lurie's promotion from president of emerging enterprises and partnerships organization to CEO of AT&T Mobility LLC on Tuesday afternoon. Lurie will report to de la Vega, and both will report to AT&T CEO and President Randall Stephenson.
The carrier decided to form its new division -- a melding of its business and mobile units -- in response to growing revenues from business-related customers. The new group will focus on "delivering integrated solutions for business customers that are first and foremost mobile, and also secure, reliable, ultra-fast and effortless."
The promotion of Lurie, AT&T's M2M man, to the head of Mobility also speaks to how important telematics and the Internet of Things is to the carrier. (See Audi Taps AT&T for In-Car LTE, What 'G' Do Connected Devices Need? and AT&T Connects 900,000 Devices.)
AT&T's shakeup comes just a few weeks after Sprint Corp. (NYSE: S) appointed a new CEO, Marcelo Claure, as well. (See Sprint CEO: Price Cuts First, Best Network Next and Hesse Out, Claure In: Sprint Is Son's House Now!.)
AT&T's stock was up slightly, .09%, to $34.53 in after-market trading on Tuesday.
— Sarah Reedy, Senior Editor, Light Reading