June 29, 2007
Written by Cory Chandler
The world headquarters of AT&T will now bear the name of the executive who transformed
the company into the world leader in communications.
In recognition of his 44 years at the company, including 17 years as chairman and
chief executive officer, AT&T Inc. (NYSE: T) board of directors today named AT&T’s
San Antonio headquarters building "Whitacre Tower."
In addition, the AT&T Foundation will provide a $5.35 million grant to Texas Tech
University, Whitacre’s alma mater, to broaden academic programs in engineering.
At his retirement on June 3, Whitacre was the longest-serving CEO in the telecommunications
industry and one of the longest-serving among the Fortune 500 companies. During his
tenure, Whitacre led a dramatic transformation of the company into the new AT&T, the
world’s largest communications company, and re-shaped the telecommunications landscape
in the process.
Today, AT&T is the No. 1 wireless and broadband service provider in the U.S., and
is rolling out groundbreaking Internet Protocol-based television service. AT&T also
leads in serving small, medium and large business customers and offers service in
127 nations.
"Ed Whitacre transformed this company and this industry," said Randall Stephenson,
who assumed the chairman and CEO positions from Whitacre. "It is very fitting that
the building where so many industry-changing decisions were made should be named in
his honor."
The $5.35 million grant to Texas Tech will enhance the College of Engineering while
supporting the development of tomorrow’s communications technologies. Grant funds
will create two endowed chairs named for Whitacre, in electrical and computer engineering.
The contribution also will create the Edward E. Whitacre Jr. Endowed Scholarship,
to recruit outstanding undergraduate and graduate students to major in Engineering
at Texas Tech University. Recipients will be chosen based on achievement in academics
and leadership.
Finally, a portion of the funds will expand the engineering school’s nanophotonics
lab, supporting the purchase of equipment. Nanophotonics — the study of light at the
sub-atomic scale — could be the foundation of future communications platforms.
"Through AT&T’s support, Texas Tech will strengthen the breadth and scope of what
students and faculty can accomplish at the College of Engineering," said Pamela Eibeck,
dean of the College of Engineering. "We’re very proud to count Ed Whitacre among our
Distinguished Engineers and a Distinguished Alumnus of Texas Tech University. The
contributions announced today extend his already impressive legacy."
AT&T and the AT&T Foundation, the company’s philanthropy organization, annually provide
millions of dollars to strengthen education and support projects that improve student
achievement and success – from kindergarten through college. Since 1996, the AT&T
Foundation has distributed more than $383 million in grants to support new classroom
technology, after-school programs, teacher training and other educational initiatives.
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Find More Information Online:
Web Site Links: Related News:
AT&T Web Site
AT&T CEO Whitacre To Retire; Board Names Stephenson As Successor
AT&T Corporate Social Responsibility
AT&T Chairman Whitacre Steps Down (Video)
Edward E. Whitacre Bio
Randall Stephenson Named New Chairman and CEO (VIDEO)
Randall Stephenson Bio
Texas Tech Stadium Renamed
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About Philanthropy at AT&T
AT&T Inc. supports programs that strengthen communities; improve access to information
technology and technology training; advance education; and enhance professional-skills
development. In 2006, AT&T contributed more than $101 million through corporate-,
employee- and AT&T Foundation-giving programs. AT&T AccessAll, the company's signature
philanthropic initiative, is a $100 million program that connects families and communities
with technology that can improve lives. AT&T and the AT&T Foundation, the corporate
philanthropy organization of AT&T, combine more than $1.8 billion of historic charitable
commitment to communities across the country.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries
and affiliates, AT&T operating companies, are the providers of AT&T services in the
United States and around the world. Among their offerings are the world's most advanced
IP-based business communications services and the nation's leading wireless, high
speed Internet access and voice services. In domestic markets, AT&T is known for the
directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM
organizations, and the AT&T brand is licensed to innovators in such fields as communications
equipment. As part of its three-screen integration strategy, AT&T is expanding its
TV entertainment offerings. Additional information about AT&T Inc. and the products
and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
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