Photo by Chris Welch / The Verge

AT&T CEO Randall Stephenson has announced that he’ll be stepping down from his position, with current AT&T president and COO John Stankey set to replace him as the new CEO on July 1st, via CNBC. Stephenson will continue to serve as the executive chairman of AT&T’s board until January 2021.

Stephenson has served as AT&T’s CEO since May 2007, a time period that saw the company massive expand in both existing and new markets, with an attempted (but failed purchase of T-Mobile) in 2011, an acquisition of Leap Wireless in 2013, a purchase of DirecTV in 2014, and the landmark $85 billion Time Warner deal that closed back in 2018 after years of regulatory fighting and objections from the Justice Department.

Stankey became the heir apparent in…

Continue reading…