AT&T Chief Executive Randall Stephenson is stepping down after leading the telecommunications giant for 13 years.
The Dallas-based telecom 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 the top, AT&T has been transformed from the former Ma Bell into a multimedia conglomerate for the digital streaming era with the
His retirement last year was postponed after an activist investor questioned the elevation of Stankey. That dispute has been settled.