Posted on 04/24/2020 9:29:04 AM PDT by John W
AT&T revealed longtime CEO Randall Stephenson would step down from his post sooner than expected, with COO John Stankey (pictured) to take the helm on 1 July.
While Stephenson will retire as CEO he will retain a role with the operator, as executive chairman of the board, until January 2021. Though Stankey will join the board in June, the company stated it would elect a new independent director after Stephenson departs.
Stephenson steps down after 13 years as CEO. His departure comes months earlier than expected: he previously told CNBC he would stay on as CEO until at least the end of 2020.
AT&T noted the shuffle marks the culmination of a succession planning effort initiated in 2017, adding Stankey’s selection as CEO followed an “extensive” search for the right candidate to execute its strategic plans.
(Excerpt) Read more at mobileworldlive.com ...
Just a guess, but whoever is coming in...probably has the priority of ‘dumping’ CNN. Watch some Chinese-holding company go and bid on them.
I have wondered about the ATT board and CNN
One thought is that the board is so evenly split it can’t reach a decision on CNN
CNN is bound to be a money losing proposition.
P.S. applies to all cable providers.
Pretty sure Stankey can afford to change his name legally
AT&T should be considered a primary enemy of the citizens.
Yea, well our stocks only lost 25% of their value under his watch.
AT&T completely destroyed DirecTV. Was once a great customer friendly company and now it’s a dumpster fire
Just a guess, but whoever is coming in...probably has the priority of ‘dumping’ CNN“
Don’t count on it. The left guards their death grip on all media with their lives.
There’s buzz that this is related to sex trafficking/prostitution.
He needs to keep his name the same, “Truth in advertising”, and all that... AT&T sure delivers Stankey service.
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