AT&T CEO Randall Stephenson announces retirement

Shawn Knight

Posts: 13,184   +132
Staff member

During his tenure, Stephenson oversaw AT&T’s $48.5 billion acquisition of DirecTV as well as its mega merger with Time Warner.

AT&T said that effective July 1, 2020, AT&T President and Chief Operating Officer John Stankey will take over the lead position. Stephenson will stick around as executive chairman until next January, however, to help ensure a smooth transition.

Stankey’s appointment concludes a succession plan that first began in 2017, AT&T noted, and included both internal and external candidates.

Stankey joined AT&T way back in 1985 and has overseen several segments of the business over the years. Most recently, he was appointed president and COO in October 2019.

Stephenson isn’t the only major wireless provider boss to exit at the forefront of the 5G era. T-Mobile chief John Legere stepped down from his helm earlier this month as the company completed its merger with longtime rival Sprint in a deal that is expected to reshape the landscape of the entry-level market.

Image credit: Roman Tiraspolsky

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Posts: 901   +953
Good, maybe AT&T will finally start to be ran in an intelligent manner because lately under Randall's rule it's been run like it was run by an idi0t.

Uncle Al

Posts: 8,014   +6,783
Unfortunately AT&T usually promotes from within so this may be the new pandemic of business .... progressive stupidity .....