AT & T Names 2 New Group Presidents

AT&T; Corp. said it appointed Robert Annunziata president of its business services group, which provides voice and data services to corporations. Annunziata, 50, had been chairman and chief executive of Teleport Communications Group, which AT&T; bought in July for $11 billion. AT&T; also appointed Frank Ianna president of a new network services unit. He will be responsible for AT&T;’s local, long-distance and wireless networks, including the former Teleport’s operations. Ianna, 49, had been executive vice president of AT&T;’s long-distance network operations. The moves come two weeks after Gail McGovern, who oversaw AT&T;’s $23-billion consumer business, left the company to join Fidelity Investments as a senior operating officer. Shares of Basking Ridge, N.J.-based AT&T; fell $1.31 to close at $52.31 on the NYSE.