SBC Showing Dorman the Door

The Ma Bell chief will depart soon after SBC closes its acquisition of the big telco.
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SBC Communications

(SBC)

will show Ma Bell chief Dave Dorman the door soon after it takes the name

AT&T

(T) - Get Report

as its own.

With the pending merger close to closing, the San Antonio phone giant has prepared its starting executive roster for the combined company. As expected, CEO Ed Whitacre will retain his job, while AT&T CEO Dorman will take a temporary job as company president then resign and work as a consultant for AT&T. No time frame was disclosed.

Also staying on is AT&T's hard-charging lead lawyer, Jim Cicconi, who will serve as top lobbyist for what will soon be the nation's largest telco.

No. 2 SBC executive Randall Stephenson will retain his job as chief of operations. And SBC CFO Rick Linder will take the top finance job at the new AT&T.

SBC's buyout of AT&T has gotten the thumbs-up from federal regulators and all the necessary states except California. The regulators in California are expected to vote on the merger Nov. 18. SBC said last week it would make the AT&T name its own.

SBC shares rose 29 cents to $23.89, while AT&T shares rose 17 cents to close at $19.82 Thursday.