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RealTime IT News

Schleyer Exits StorageNetworks Board

StorageNetworks , the Waltham, Mass., provider of data storage software and services, said William T. Schleyer has resigned from it board of directors to concentrate on his new duties as president and CEO of AT&T Broadband.

Schleyer plans to step down from all outside directorships, StorageNetworks said.

"We greatly appreciate the contributions Bill has made during his tenure on our board," said Peter W. Bell, StorageNetworks chairman, CEO and president. "We certainly understand, however, that his current priorities are with AT&T Broadband and we wish him great success in his new position."

No immediate replacement was named.

"While I have greatly enjoyed my affiliation with StorageNetworks, I feel that it is in the best interest of AT&T Broadband that I eliminate my outside directorships to more keenly focus on my new duties," Schleyer said. "I remain a great supporter of StorageNetworks and I am confident of their continued success."

Last month, AT&T agreed to sell AT&T Broadband to rival Comcast for about $47 billion, creating a cable giant with 22 million subscribers. Schleyer is part of the transition team managing the merger. The combined firm will be named AT&T Comcast.