AT&T Names Accountant Samuel Di Piazza Chairman of Warner Bros. Discovery

AT&T may have sold away operational control of the pending Warner Bros. Discovery media company, but it still retains majority ownership of the erstwhile WarnerMedia unit. As a result, the telecom March 16 named the seven board members, including chairman, who will represent the company on the new 13-member board upon U.S. regulatory approval of the $43 billion transaction.

Samuel Di Piazza

Discovery, which has operational control of Warner Bros. Discovery via CEO David Zaslav, will appoint the other six board members.

The seven board members include three AT&T directors who will resign their seats when the merger is completed. They include Samuel Di Piazza, former executive at PricewaterhouseCoopers, who will be chairman of Warner Bros. Discovery; Debra Lee, former chair and CEO of BET Networks; and Geoffrey Yang, founding partner and managing director of Redpoint Ventures.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Joining them are Li Haslett Chen (founder/CEO of Narrativ); Richard Fisher (former president of the Federal Reserve Bank of Dallas); Fazal Merchant (senior adviser to Sixth Street Partners); and Paul Price (most recently chief financial officer of Macy’s).

“These respected leaders bring a wealth of experience in finance, technology, media and entertainment, international trade, venture capital, and digital and direct-to-consumer platforms that is vitally important to the future of Warner Bros. Discovery,” AT&T CEO John Stankey said in a statement.