AT&T said it has named former Ford Foundation president Luis Ubiñas to its board of directors, bringing the total number of members on the telecom giant’s board to 13.
“Luis is an accomplished executive and a terrific addition to our board,” AT&T chairman Bill Kennard said in a press release. “His leadership experience and expertise across broadband and wireless, government and the nonprofit sector align with our priorities to serve customers, investors and our communities.”
Ubiñas is currently lead director of video game giant Electronic Arts, serves on the board of publicly traded real estate investment trust (REIT) Tanger and is an adviser to several private and pre-IPO companies.
Between 2008 and 2013 Ubiñas served as president of the Ford Foundation, the second largest foundation in the U.S. Prior to that he served 18 years with McKinsey & Co., including a stint as a senior partner and leader of the company's West Coast media practice.
Ubiñas’ appointment comes a few days after AT&T’s Warner Media said it sold its mobile game unit Playdemic, Ltd. creator of Golf Clash, to EA for $1.4 billion in cash. (opens in new tab) Separately, AT&T is in the process of merging WarnerMedia with Discovery Inc.
Mike Farrell is senior content producer, finance for Multichannel News/B+C, covering finance, operations and M&A at cable operators and networks across the industry. He joined Multichannel News in September 1998 and has written about major deals and top players in the business ever since. He also writes the On The Money blog, offering deeper dives into a wide variety of topics including, retransmission consent, regional sports networks,and streaming video. In 2015 he won the Jesse H. Neal Award for Best Profile, an in-depth look at the Syfy Network’s Sharknado franchise and its impact on the industry.
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