Former NBN CEO Bill Morrow charged with slashing AT&T's expenses

Morrow leads AT&T enterprise-wide cost-reduction initiative

Bill Morrow

The former chief executive of NBN Co, Bill Morrow, has been hired by AT&T to lead slash costs across the US telco.

Morrow joined the company in October as special adviser and managing director of process service and cost optimisation.

In a Q3 results call, held in late October, AT&T chairperson and CEO Randall Stephenson revealed that Morrow would be leading the telco’s “enterprise-wide cost-reduction initiative.”

“Bill has been CEO of large communication companies in the US, Europe and Australia, and he has a proven track record of creating best-in-class cost structures,” Stephenson said.

Morrow would have “full authority to examine and change our cost structure across the entire company,” the AT&T CEO said.

The work of the former NBN Co head is being overseen by the AT&T board’s corporate development and finance committee and Stephenson.

Stephenson told the call that the initiative led by Morrow would be “above and beyond” what AT&T was “already doing with network virtualization, real estate consolidation and our other ongoing cost-reduction initiatives.”

Morrow left NBN Co in 2018.

“I believe that as the company prepares to confront the new challenges ahead, this is the right time to hand over the reins for the next phase of this incredible project and for me to plan for the next step in my career,” he said in a statement when NBN Co made the April 2018 announcement that he would be stepping down later that year.

He was replaced by NBN Co chief financial officer Stephen Rue.

Morrow was NBN Co’s second chief executive, replacing Mike Quigley, who stepped down in 2013.

Morrow, who prior to joining the government-owned company was Vodafone Australia’s chief executive, oversaw NBN Co’s shift from an all-fibre fixed line network to a ‘multi-technology mix’ that includes hybrid fibre-coaxial (HFC), fibre to the node, and fibre to the curb, as well as fibre to the premises.

Since shifting to the MTM approach NBN Co has twice revised upwards its estimates of the peak funding for completing its network build. The National Broadband Network is expected to be finished in 2020.

Copyright © 2019 IDG Communications, Inc.

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