AT&T Denies Reports of a Finalized Reorganization After Time Warner Close
AT&T denied Randall Stephenson is planning to no longer be CEO after the company buys Time Warner. The company said in a statement Friday that Stephenson will remain chairman and CEO post-close, and that no other decisions on organizational structure…
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or leadership are finalized. It said Stephenson and TW CEO Jeff Bewkes "are working through that." Wells Fargo's Jennifer Fritzsche wrote investors that in the reported post-deal structure, it makes sense that Stephenson would become executive chairman overseeing co-CEOs John Stankey and John Donovan as heads of its media business and wireline and wireless businesses, respectively. The analyst cited different customer bases the company will serve.