NEW YORK — AT&T CEO Randall Stephenson is stepping down after leading the telecommunications giant for 13 years.
The Dallas company named John Stankey as chief executive effective July 1.
Stankey, 57, has been president and chief operating officer since October 2019. He joined AT&T in 1985.
Stephenson, 60, will stay on as executive chairman until January 2021. During his tenure, AT&T has transformed the former Ma Bell into a conglomerate with acquisition of DirecTV and Time Warner.
His retirement last year was postponed after an activist investor questioned the elevation of Stankey. That dispute has been settled.
