WASHINGTON--(EON: Enhanced Online News)--Business Roundtable (BRT) today announced that Randall Stephenson, Chairman and CEO of AT&T (NYSE:T), has been named Chairman of BRT, effective Jan. 1, 2014. Stephenson will serve for a two-year term. He succeeds Jim McNerney, Chairman of the Board, President and CEO of The Boeing Company, who has led the organization since September 2011.
“As Vice Chair of BRT’s Health and Retirement Committee, he helped guide our recommendations on Social Security and Medicare reforms that would maintain a dependable safety net for future generations and address America’s long-term fiscal challenge. As chairman, he will have the full support of BRT members”
Business Roundtable is an association of 211 chief executive officers of leading U.S. companies with $7.4 trillion in annual revenues and more than 16 million employees.
“Randall Stephenson is an outstanding business leader who has worked tirelessly to promote growth and innovation in the private sector, and he fully understands what it will take for the United States to sustain its leadership in the global marketplace,” said McNerney. “As Vice Chair of BRT’s Health and Retirement Committee, he helped guide our recommendations on Social Security and Medicare reforms that would maintain a dependable safety net for future generations and address America’s long-term fiscal challenge. As chairman, he will have the full support of BRT members,” McNerney said.
Stephenson joined the Business Roundtable in January 2009 and became a member of its Executive Committee in June of that year. McNerney will remain a member of the BRT Executive Committee after completing his term as chairman at the end of the year.
“It has been an honor to serve as the Roundtable Chairman and to help set an agenda for American economic growth alongside some of the nation’s top business leaders,” said McNerney. “Our efforts have helped to advance pro-growth policies in areas such as trade and smart regulation, but considerable work remains to be done in Washington, D.C., to unleash America’s true potential for growth and job creation.”
Among the priorities on the BRT agenda are enacting comprehensive tax reform, strengthening and modernizing Social Security and Medicare, implementing smart energy policy, bolstering the nation’s education system, and continuing to open markets to U.S. exports.
“We’re entering a crucial time where we have tremendous opportunities to improve our nation’s economy for the long haul,” Stephenson said. “America’s leading companies have a critical role to play, working in collaboration with the Administration, Congress, our colleagues in small business, and many other stakeholders. I’m excited about what can be accomplished if we all work together to get our economy moving again. In particular, we will be encouraging policies to incent increased capital investment in the U.S. economy, which is vital to deliver sustainable job creation and long-term prosperity for all Americans.”
“I join my colleagues in expressing my sincere thanks to Jim McNerney for the great leadership he has provided this organization,” Stephenson said. “Jim has set a very high standard. I’m honored to follow him and have this chance to serve.”
Stephenson became Chairman and CEO of AT&T in 2007, and in the years since has helped further the company’s global leadership in mobile Internet services and IP-broadband communications. His full AT&T corporate biography is available here.
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with $7.4 trillion in annual revenues and more than 16 million employees. BRT member companies comprise more than a third of the total value of the U.S. stock market and invest $158 billion annually in research and development – equal to 62 percent of U.S. private R&D spending. Our companies pay more than $200 billion in dividends to shareholders and generate more than $540 billion in sales for small and medium-sized businesses annually.
BRT companies give more than $9 billion a year in combined charitable contributions.