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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. bloom.bg/2ukPwC2

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

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/5m9sjEe_WB8/us-time-warner-at-t-m-a-idUSKBN19Z0D3

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