Stephen Desaulniers | CNBC
AT&T announced on Tuesday that WarnerMedia CEO John Stankey will be the new president and chief operating officer. Stankey will continue as CEO of WarnerMedia while taking up the newly created position, effective October 1, according to a press release.
As president and COO, Stankey will report to AT&T chairman and CEO Randall Stephenson, according to the release.
The campaign comes just months after WarnerMedia announced an organizational change under the new parent company AT&T. The change was billed as a way for WarnerMedia to grow into businesses that can effectively compete with established streaming giants like Netflix and newer players like Disney. Several top executives from the former Time Warner had already resigned from their positions prior to the announcement, including former HBO boss Richard Plepler.
In his new role, Stankey will oversee leaders in AT&T Communications and the company's advertising and analytics division, Xandr, in addition to his team at WarnerMedia, according to the announcement.
AT&T also announced that another CEO, Jeff McElfresh, will become CEO of AT&T Communications with effect from October 1
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