AT&T announced two promotions on Tuesday that place John Stankey, the CEO of its subsidiary WarnerMedia, firmly in line to succeed the wireless giant's CEO, Randall Stephenson.
DALLAS, Texas - AT&T announced two promotions on Tuesday that place John Stankey, the CEO of its subsidiary WarnerMedia, firmly in line to succeed the wireless giant's CEO, Randall Stephenson.
Stephenson, who has led AT&T since 2007, is installing Stankey as president and chief operating officer of the entire company.
At the same time, Stankey will remain the head of WarnerMedia, the entertainment and news unit that includes CNN.
Another contender was John Donovan, the head of the AT&T Communications unit, but Donovan announced his retirement last week.