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AT&T planning organizational changes, including new role for CEO: Bloomberg

Posted by: Admin | Posted on: July 14th, 2017 | 0 Comments

(Reuters) – Broadband provider ATT Inc (T.N) is planning a redefined role for Chief Executive Randall Stephenson amid major organizational changes following its $85.4 billion acquisition of Time Warner Inc (TWX.N), Bloomberg reported on Friday.

Stephenson will become executive chairman, overseeing a pair of chief executives who will independently manage the company’s telecommunications and media businesses, the report said, citing people familiar with the matter.

ATT and Time Warner were not immediately available for comment outside regular U.S. business hours.

(The story corrects headline to add source)

Reporting by Kanishka Singh in Bengaluru; Editing by Amrutha Gayathri

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