After serving 13 years as AT&T’s Chairman and CEO, Randall Stephenson, 60, will retire as CEO but will serve as Executive Chairman of the Board of Directors until January 2021 to ensure a smooth leadership transition.
Stankey’s selection as AT&T’s next CEO completes the final phase of a succession planning process that AT&T’s Board began in 2017, which included a thorough evaluation of internal and external candidates. Most recently, the HR Committee — led by AT&T Director Beth Mooney, comprised entirely of independent directors and supported by outside consultants — engaged in an extensive five-month search process to ensure that the company’s next CEO possessed the vision, experience, talent and leadership qualities necessary to deliver on AT&T’s strategic plans. Those qualities in our new CEO are important for our future and essential during these challenging economic times.
“Leadership succession is one of the Board’s most important responsibilities,” Mooney said in a statement. “After an extensive evaluation, it was clear that John Stankey was the right person to lead AT&T into the future.”
Stankey, 57, has served as president and COO since October 2019. He joined AT&T in 1985 and has more than 30 years of accomplished leadership spanning nearly every area of AT&T’s business, from corporate strategy and technology, to operations and media and entertainment. Stankey has served in a variety of roles, including: CEO of WarnerMedia; CEO of AT&T Entertainment Group; Chief Strategy Officer; Chief Technology Officer; CEO of AT&T Operations; and CEO of AT&T Business Solutions.
Stephenson said in a statement, “I congratulate John, and I look forward to partnering with him as the leadership team moves forward on our strategic initiatives while navigating the difficult economic and health challenges currently facing our country and the world. John has the right experiences and skills, and the unflinching determination every CEO needs to act on his convictions. He has a terrific leadership team onboard to ensure AT&T remains strong and continues to deliver for customers and shareholders for years to come.”
Matt Rose, AT&T’s independent Lead Director, said in a statement, “Randall has done an outstanding job as CEO in transforming AT&T into a leader in communications, technology, and media and entertainment. His strong leadership and strategic investments during a period of unprecedented customer demand for mobile communications and premium entertainment have positioned the company extremely well for the years ahead. We look forward to Randall continuing to lead the Board and working with John to ensure a smooth leadership transition.”
“I’m honored to be elected the next CEO of AT&T, a company with a rich history and a bright future,” said Stankeyin a statement. “My thanks go to Randall for his vision and outstanding leadership during a period of tremendous change and investment in the core capabilities needed to position AT&T well for the years ahead. And I appreciate the Board’s confidence in me leading the company during our next chapter of growth and innovation in keeping people connected, informed and entertained. We have a strong company, leading brands and a great employee team, which I’m privileged to lead. I couldn’t be more excited about the new opportunities we have to serve our customers and communities and create value for our shareholders.”
Later this year, AT&T’s Board will elect an independent director to chair the Board of Directors when Stephenson retires as executive chairman in January 2021.
Source: AT&T Inc.
MacDailyNews Take: Randall Stephenson on doing the exclusive deal with Steve Jobs for the iPhone:
I remember asking the question: Are we investing in a business model, are we investing in a product or are we investing in Steve Jobs? The answer to the question was, you’re investing in Steve Jobs. Let’s go after this thing. And we went after it, and the rest is history. – Randall Stephenson
Good riddance.
CNN is a bad joke.
The “fake news” is to claim that the AT&T CEO was forced out when everybody in the industry has been watching an orderly transition since 2017.
Don’t let the Lysol get to your head…
Fake News.
Last week, William Bryant a senior official at the Department of Homeland Security outlined some research his agency had done indicating that the Wuhan Virus was very susceptible to direct sunlight, heat and high humidity, all of which President Trump had mentioned weeks ago to loud media derision and flat out nasty commentary from the left.
The President then mentioned, in his “think out loud” manner, that perhaps the experts could look into the use of Ultra Violet light inside the body or trying to disinfect the body from the inside by finding some substance that might do that. Note: At no time did President Trump recommend or even suggest, using disinfectants such as Lysol injected into the body. He was describing a concept. He was actually, for all of the folks out there who like to screech “SCIENCE!” at the top of their lungs, executing the very first step in any scientific inquiry — asking the question, “What if?”
Hello, have you ever heard of chemotherapy, where we poison the patient in hopes that the poison will kill cancer before it kills the patient? Also, one of the available treatments for cancer is Ultraviolet Blood Irradiation Therapy. Ultraviolet light has long been understood to be a disinfectant that destroys nucleic acids and disrupts DNA. The sun’s ultraviolet light is why it’s one of the most effective ways to destroy the COVID-19 virus when it’s on objects or aerosolized. The question is whether that same ultraviolet energy can be used inside the human body.
But, beyond that, there is actually a medical procedure that uses hydrogen peroxide in an intravenous technique to kill internal bacteria and viruses.
In IV H2O2 therapy, Hydrogen peroxide is infused into the circulatory system through a vein in the arm. It drips in over a ninety-minute period. Five cc of pharmaceutical-grade, three-percent hydrogen peroxide are put in 500 cc five percent glucose in water as a carrier solution. Two grams of magnesium chloride are added along with a small amount of manganese to prevent vein sclerosis.
In the blood, it encounters two enzymes: catalase and cytochrome-C. Catalase drives the above reaction to completion immediately. That part of the hydrogen peroxide that binds with cytochrome-C, however, is not allowed to become water and singlet oxygen for a period of forty minutes. After forty minutes of being bound to cytochrome-C this enzyme begins to act like catalase and breaks down the hydrogen peroxide to water and singlet oxygen. By this time, the hydrogen peroxide/cytochrome-C complex has been spread throughout the body. In this way the benefits of hydrogen peroxide are made available to all cells.
The effect of singlet oxygen in the human body is twofold. It kills, or severely inhibits the growth of, anaerobic organisms (bacteria and viruses that use carbon dioxide for fuel and leave oxygen as a by-product). This action is immediate, on contact with the anaerobic organism. Anaerobic bacteria are pathogens, the organisms which cause disease. All viruses are anaerobic.
More info: https://www.austinozone.com/therapies/intravenous-hydrogen-peroxide-therapy/
You are reporting quack medicine and are defending a not-even-a–quack President*
Easy stuff first… a National Briefing is not the place to “think out loud”, especially when you have no idea what you’re talking about. It’s a place where you shut up and let those who know what they’re talking about to speak.
If you don’t want to be contradicted, you moron, STFU! They are not there to assuage your ego.
Fortunately the hydrogen peroxide solution is very dilute, because hydrogen peroxide fizzes on contact with catalase. Singlet oxygen not only kills anaerobic bacteria, it kills healthy cells too. It oxidizes lipids, it hardens blood vessels, it accelerates intrinsic aging.
Thank you Dr Applecynic
You’re welcome!
Here’s a Russian, so you would believe it.
Agreed good riddance. RS ruined AT&T
I thought CNN mostly just reads press releases for the DNC. I’m not sure that even qualifies them as ‘fake news’. Trump is, as usual, being too gracious to call them as such.
Graciousness, supreme restraint, patriotism, honoring heroes, putting Americans first, are only a handful of the hallmarks that will characterize President Trump’s legacy for generations to come. CNN, like all mass media, is an information warfare operation against the minds of citizens. By masterfully applying the “fake news” label, Trump may have planted the seed for the greatest awakening in American history.