AT&T CEO Randall Stephenson to step down, COO Stankey to take over [CNBC]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: CNBC
AT&Twill retireStephenson, 60,said in FebruaryStankey, who was being groomed as Stephenson's successor over the last couple years, recentlydropped his position as CEO of AT&T's WarnerElliott Management, the activist investment firm thatpushed for executive changes at AT&TCNBC previously reported"We have been engaged with the company throughout the search process, which was a robust one, including a range of highly qualified outside candidates and overseen by independent directors," Elliott partner Jesse Cohn said in a statement.Stankey will take over AT&T as the company is navigating the Covid-19 pandemic while juggling a massive debt load, a mass loss of subscribers for DirecTV and its entrance into the streaming wars with the launch of HBO Max next month. AT&T will also have to compete with a bigger competitor inT-In thefirst quarterHBO Max will launch on May 27AT&T's heavy spending on acquisitions of DirecTV and Time Warner has landed it into about $200 billion in debt. Elliott cri
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T
Earnings
- 1/28/26 - Beat
T
Sec Filings
- 3/5/26 - Form FWP
- 3/5/26 - Form 424B5
- 3/4/26 - Form 25-NSE
- T's page on the SEC website