David Dorman, 45, has resigned as president-CEO of Internet broadcast company PointCast, Sunnyvale, Calif. to become CEO of a $10 billion venture formed by AT&T Corp. and BT last year. The company is to be launched later this year, pending regulatory approval. Mr. Dorman starts his new position April 1. Phil Koen, who had been chief operating officer-exec VP at PointCast, becomes its new president-CEO. Mr. Dorman will remain chairman of PointCast's board of directors. Before joining PointCast in 1997, Mr. Dorman served as president-CEO of Pacific Bell from 1994 to 1996.
Meanwhile, PointCast continues in negotiations for a strategic partner, said Don Albert, senior VP-advertising sales and e-commerce at PointCast. PointCast has been rumored to be in talks with telecommunication companies since it withdrew its filing for an initial public offering last year.
Copyright March 1999, Crain Communications Inc.