Kennard, who joined the company's board in 2014, served as general counsel to FCC from 1993 to 1997, and was then appointed as FCC chairman, a position he held until 2001. He would be the first African American to be the company's chairman in its over 130-year-old history.

AT&T had announced earlier this year that it would elect a new chairman, following the retirement of Randall Stephenson.

Kennard currently serves on the boards of Duke Energy Corp, Ford Motor Co and MetLife Inc and is the co-founder of private equity firm Astra Capital Management.

(Reporting by Eva Mathews in Bengaluru; Editing by Vinay Dwivedi)