NEW YORK -- AT&T today announced that its Board of Directors has named AT&T president David W. Dorman, 48, chairman and chief executive officer-designate. Dorman will succeed C. Michael Armstrong when the company completes the spin-off of AT&T Broadband and merges it with Comcast Corporation to form a new company, AT&T Comcast. AT&T and Comcast shareowners approved the spin-off and merger at the companies' respective annual meetings on July 10, 2002. The transactions are expected to be completed by the end of the year following regulatory approvals. As previously announced, Armstrong, who has been AT&T's CEO since October 1997, will leave AT&T at that time to become chairman of AT&T Comcast. Armstrong, 64, was scheduled to retire from AT&T in 2003. Since joining AT&T as president in December 2000, Dorman has had responsibility for the operations of the company's core business and consumer services units, including network services, international ventures and AT&T Labs. In 2001, these businesses generated more than$40 billion in revenue. Dorman was appointed to AT&T's Board of Directors in February 2002 and re-elected at its July shareowner meeting. "Dave Dorman has the vision, industry knowledge, and customer focus to successfully lead AT&T," said Ambassador Donald F. McHenry, Distinguished Professor of Diplomacy, Georgetown University and Chairman of the AT&T Board of Directors' governance committee. "While some in our industry are coping with accounting and governance issues, AT&T is completing an orderly succession that ensures all our energy is directed where it should be - on serving our customers better each day than the day before." AT&T Corp.