John Stankey Takes the Helm as AT&T Board Chairman Following Strategic Restructuring

AT&T Board Leadership Change

In a significant move for one of America's largest telecommunications companies, AT&T has announced the unanimous election of John Stankey as the new Chairman of its Board of Directors. The decision was unveiled on February 14, 2025, and marks a pivotal moment in the company's governance as it embarks on a comprehensive three-year strategic and capital allocation plan. Stankey takes over the chairmanship from William Kennard, who will step into the role of Lead Independent Director.

This leadership transition comes at a crucial time for AT&T as the company seeks to enhance its governance practices and bolster agility in decision-making processes. Kennard expressed confidence in the new direction, stating, "This change provides the right governance structure for the Board. It 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."

John Stankey, who has been with AT&T for several decades, previously held the positions of President and CEO since 2020. His ascent to the Board Chair role is seen as a step towards aligning leadership with the company’s strategic objectives, focusing on innovation and customer connection. AT&T aims to leverage its expansive reach, serving over 100 million households and nearly 2.5 million businesses across the United States. From the early days of telephone communication to the contemporary advancements in 5G wireless and multi-gig internet offerings, AT&T’s mission has been to connect people to greater possibilities.

Stankey’s experience and vision will be critical as AT&T navigates the challenges of a rapidly evolving telecommunications landscape. The company plans to implement a strategic framework that prioritizes agility while fostering long-term growth and shareholder engagement.

The election of Stankey also signifies a broader commitment to robust governance, an area AT&T recognizes as essential for maintaining competitive advantage in the face of emerging technologies and market shifts. As the telecommunications industry continues to evolve, this leadership shift reflects AT&T's readiness to adapt while reinforcing its dedication to customer service excellence.

Kennard, now serving as the Lead Independent Director, has played a crucial role in steering the Board and will continue to provide independent oversight of its activities. His transition allows for a seamless blend of experience and fresh leadership perspectives, which are vital for the ongoing execution of AT&T’s strategic goals.

As this new chapter unfolds, both Stankey and Kennard will be essential in guiding AT&T through its ambitious plans, enhancing governance structures, and ultimately prioritizing shareholder and stakeholder interests. For further information on AT&T’s initiatives and updates, the company encourages interested parties to visit their dedicated investor relations page at investors.att.com.

The evolution of AT&T’s leadership structure promises to bring about positive changes that not only enhance its operational effectiveness but also improve the overall value offered to both customers and investors. As the company deepens its commitment to innovation, consumers can expect a more responsive and agile organization adequately equipped for the new digital age.