AT&T (NYSE:T) announced that its directors have unanimously elected John Stankey to the role of Board Chair. Stankey succeeds William E. Kennard, who was elected Lead Independent Director.
“As AT&T embarks on its comprehensive, Board-approved three-year strategic and capital allocation plan, this change provides the right governance structure for the Board,” said Bill Kennard, outgoing Chair and incoming Lead Independent Director of AT&T. “This will increase our governance agility and enhance our ability to seize opportunities to create long-term shareholder value while maintaining robust independent leadership of the Board.”
Stankey was named President and CEO in 2020.
