AT&T Names Ex-FCC Chief New Chairman of Its Board

AT&T (NYSE: T) has added some political firepower to its board of directors. On Friday, the monster telecom company announced that the board's new chairman will be William Kennard, who is to start his tenure at the beginning of January.

Kennard replaces Randall Stephenson, who currently occupies the position. Stephenson also served as the company's CEO from 2007 through June of this year. He was replaced by John Stankey. Stephenson tendered his resignation from the board in January 2020. The company pledged to replace him with an independent chairman.

Image source: AT&T.

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Source Fool.com