AT&T Is Said to Plan Major Organizational Changes After Deal
- Co-chiefs to run separate communications and media businesses
- Stephenson to remain chairman and CEO after merger, AT&T says
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AT&T Inc. is planning major organizational changes to follow the $85.4 billion acquisition of Time Warner Inc., including a redefined role for Chief Executive Officer Randall Stephenson, as the telecommunications giant morphs into a media company.
Stephenson will oversee a pair of CEOs who will independently manage the company’s telecommunications and media businesses, according to people familiar with the matter. Stephenson, 57, will still be the top executive of the company, focused on charting the company’s new course as a media powerhouse, the people said.