By Dave Sebastian

 

AT&T Inc. said Executive Chairman Randall Stephenson has retired, effective Jan. 21, but will remain as a consultant for the company for a year.

Mr. Stephenson will get $1 million for his consulting services, the Dallas-based company said Monday. William Kennard, a former Federal Communications Commission chairman, started serving as AT&T's independent chairman this month.

Mr. Stephenson stepped aside as chief executive last year. His longtime deputy, John Stankey, succeeded him in July.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

January 25, 2021 12:13 ET (17:13 GMT)

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