Armstrong to Step Down from Comcast Board

Apr 8, 2005  •  Post A Comment

C. Michael Armstrong, the former AT&T CEO who unsuccessfully tried to pull Ma Bell into the cable business, said Friday he would not seek re-election to Comcast Corp.’s board of directors.

Meanwhile, Edward Breen, CEO of Tyco International, and former chief operating officer of cable set-top box maker Motorola, was nominated to join Comcast’s board.

Mr. Breen will face election June 1, the same day that Mr. Armstrong steps down and is named Comcast’s first director emeritus.

Mr. Armstrong joined the Comcast board in 2002 upon the completion of Comcast’s $54 billion purchase of AT&T Broadband and served as Comcast’s chairman until last May, when Comcast CEO Brian Roberts assumed that role.

As CEO of AT&T Mr. Armstrong in the late 1990s went on a buying spree, snapping up a number of cable companies, including John Malone’s Tele-Communications Inc., with the hopes of using the cable pipe as a means to deliver telephone service to residential customers. However, his dreams never materialized, and he sold the company to Comcast.

Mr. Breen has worked at Tyco since 2002, after having served two years as president and chief operating officer of Motorola. Before that he was president and CEO of set-top box maker General Instrument, which merged with Motorola in 2000.