Randall Stephenson, AT&T's former chairman and CEO, has made good on his retirement from the telco giant, but with a one-year consultancy agreement in hand as he leaves the company's boardroom.
On Monday, AT&T in an SEC filing said Stephenson on Jan. 19 stepped down as executive chairman of the board of directors at AT&T, a move that was previously flagged to investors.
But he retires after 38 years with the company, and after John Stankey took the top job as president and CEO at AT&T, with a one year consultancy agreement in hand.
In connection with Stephenson’s retirement, AT&T has entered into a one-year consulting services agreement, dated Jan. 20, 2021, AT&T added in the regulatory filing.
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