AT&T Names Former Dallas Fed President Fisher to Board

By Lisa Beilfuss 

AT&T Inc. on Friday said it appointed Richard Fisher, who recently left the Federal Reserve's policy-setting committee, to its board of directors.

The move boosts the size of the company's board to 13 directors from 12.

Chief Executive Randall Stephenson said Mr. Fisher adds banking and foreign-policy experience to the company's board, in addition to a "deep understanding of Mexico and Latin America," at a time when AT&T has made recent acquisitions in Mexico.

Mr. Fisher led the Dallas Fed from 2005 until March of this year. He was known as a hawkish member who dissented in recent decisions on the grounds that the Fed should begin to lift interest rates sooner rather than later.

Before his role at the Fed, Mr. Fisher worked for former Secretary of State Henry Kissinger and served as Deputy U.S. Trade Representative under President Bill Clinton.

Earlier this year, AT&T agreed to buy Mexico's third-largest wireless company for $2.5 billion and said it would acquire NII Holdings Inc.'s Mexico business for $1.9 billion--moves to expand its revenue base in a country that, according to AT&T, has about half the smartphone penetration of the U.S.

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