CEO Stankey Replaces Kennard as AT&T Chair

AT&T announced Friday that its board of directors elected CEO John Stankey as chair. Stankey replaces former FCC Chairman William 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,” Kennard said. A board member since 2014, Kennard was named chair in January 2021. Stankey became CEO and president five years ago.