AT&T Inc. (NYSE:T) announced that John Stankey has been appointed president and chief operating officer of AT&T Inc., effective Oct. 1, a new position reporting to Randall Stephenson, AT&T chairman and CEO. Stankey will also continue serving as CEO of WarnerMedia.
The company named AT&T executive Jeff McElfresh CEO of AT&T Communications LLC effective Oct. 1, replacing John Donovan, who earlier announced his retirement. McElfresh will lead AT&T’s largest business unit, AT&T Communications, a global telecom leader serving 100 million mobile, broadband and pay-TV customers in the United States, and millions of business customers, including nearly all of the Fortune 1000.
Reporting to Stankey in his expanded role will be: McElfresh; his current WarnerMedia executive team; and Brian Lesser, CEO of Xandr.
“Now is the time to more tightly align our collection of world-class content, scaled consumer relationships, technical know-how and innovative advertising technology,” said Stephenson. “It’s the natural next step in bringing together the distinct and complimentary capabilities of AT&T Communications, WarnerMedia and Xandr to deliver for consumers the benefits of a modern media company. AT&T is alone in the industry in being able to bring together these three great businesses for the launch of innovative consumer offers, relevant advertising and new entertainment services like HBO Max.
“John is an outstanding executive who has led nearly every area of our business, helped shape our strategy and excelled at operations throughout his career. The Board and I look forward to John hitting the ground running in his new role as president and COO,” Stephenson said.
“And I’m excited to have Jeff leading our communications business into the future. He is an accomplished leader with experience across our business — from strategy, technology and network, to marketing, operations and customer experience. This past year, Jeff led the team that won AT&T recognition for having the best, fastest and most reliable wireless network in the country,” Stephenson said.
Stankey, 56, joined AT&T in 1985 and has served in a variety of leadership roles, including: corporate strategy and M&A; media and entertainment; operations, IT and technology; consumer mobility, broadband and TV; and enterprise business.
McElfresh, 48, has nearly 25 years of experience with AT&T in a variety of strategic, operational and technology leadership roles. Before being named to lead AT&T Communications, McElfresh was president of AT&T Communications’ Technology and Operations group where he was responsible for the company’s network, technology, cybersecurity, data and labs operations. Prior to that, he served as: CEO of AT&T’s Vrio and its DIRECTV Latin America and SKY Brasil businesses; and President of AT&T Mexico and a member of the board of directors and executive committee of Telmex and América Móvil, overseeing AT&T’s since-divested minority interest in the two companies.
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands including: HBO, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband services. Plus, it serves nearly 3 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T Latin America provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. Xandr provides marketers with innovative and relevant advertising solutions for consumers using powerful technology and premium, brand-safe video content.
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