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Fortune

Sheryl Estrada

A wave of CFO retirements is reshaping the Fortune 500—AT&T's Pascal Desroches is the latest

Pascal Desroches ATT LinkedIn McAfee WarnerMedia

(Credit: Courtesy of AT&T)

Good morning. CFO turnover continues across the Fortune 500, and AT&T’s latest leadership transition is another sign of a changing generation of finance chiefs.

AT&T (No. 35 on the Fortune 500) announced this week that Pascal Desroches, senior executive vice president and CFO since 2021, will retire effective Dec. 31. Jennifer Biry, a former longtime AT&T finance executive who most recently served as CFO and chief operating officer of McAfee, has been named deputy CFO effective July 6 and will succeed him as CFO on Jan. 1, 2027.

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