F. Duane Ackerman

F. Duane Ackerman (born 1942)[1] is an American businessman. He was the last chairman and Chief Executive Officer of BellSouth Corporation.

Early life

Ackerman was raised in Plant City, Florida. In 1964, he graduated from Rollins College with a B.S. in Physics.[2][3] In 1970, he graduated from the Rollins College Crummer Graduate School of Business with an MBA.[3] In 1978,[4] Ackerman also graduated from the MIT Sloan School of Management with a master's degree in management.[3]

Career

Ackerman began his communications career in 1964, and has served in numerous capacities with BellSouth. In November 1992, he was named President and Chief Executive Officer of BellSouth Telecommunications, BellSouth's local telephone service unit and largest subsidiary. He was promoted to vice chairman and Chief Operating Officer in January 1995, and was elevated to the position of President and CEO in January 1997. A year later, the BellSouth board added the chairman's responsibilities to Ackerman's portfolio, and he served as chairman and CEO until BellSouth's merger with AT&T on December 29, 2006.[3] In 2006, his total annual compensation was a reported $13.97 million, with a 5-year compensational total of $43.30 million.[4]

The SBC-AT&T merger created a uniquely complex situation for Ackerman with regards to Cingular Wireless, a joint venture between BellSouth and SBC. After the SBC/AT&T merger, the new AT&T began competing with BellSouth for lucrative business landline customers in BellSouth's primary market, disturbing the historical territorial lines between the former Regional Bell Operating Companies or RBOCs (SBC and BellSouth). Indeed, this issue, as well as the desire for AT&T to entirely control the highly-profitable Cingular venture, lead AT&T to purchase BellSouth outright.

Ackerman serves on the President's Council of Advisors on Science and Technology and is immediate past chairman of the national Council on Competitiveness, as well as the National Security Telecommunications Advisory Committee. He is a former member of the Homeland Security Advisory Council. A past chair of the Georgia Partnership for Excellence in Education, Ackerman is vice chairman of the Rollins College Board of Trustees and a former member of the Board of Governors for the Society of Sloan Fellows of MIT.[3]

References

  1. ↑ "F. Duane Ackerman". Reference for Business. Retrieved October 6, 2010.
  2. ↑ "Rollins Notable Alumni". Rollins College. Retrieved October 6, 2010.
  3. 1 2 3 4 5 "F. Duane Ackerman". Winter Park Institute, Rollins College. Retrieved October 6, 2010.
  4. 1 2 "CEO Pay: F Duane Ackerman". Forbes. Retrieved October 6, 2010.
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