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AT&T names John Stankey new CEO as Trump gloats over changes at CNN owner

Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire from the CEO position but will serve as executive chairman of the board until January 2021

John Stankey, CEO of AT&T | Twitter
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John Stankey, CEO of AT&T | Twitter

Reuters
Veteran John Stankey will take over as AT&T chief executive officer, the company said on Friday, as the US telecommunications and media giant grapples with the impact of the coronavirus outbreak and its late entrance into the global streaming wars.

Stankey will take over on July 1 from Randall Stephenson, who said on Friday he will retire from the CEO position but will serve as executive chairman of the board until January 2021.

The announcement, made during AT&T's virtual annual shareholder meeting, drew a sharp response from U.S. President Donald Trump, who tweeted it was "great news" that Stephenson was

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