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WarnerMedia’s Pascal Desroches To Take AT&T CFO Reins As John Stephens Sets Retirement

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deadline.com
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Dade Hayes Finance EditorJohn Stephens will retire as CFO of AT&T next March, ending a 28-year run at the company, and will hand the reins to WarnerMedia CFO Pascal Desroches.The change is slated to take effect on April 1.

It comes as AT&T continues to work to lower its debt load and steer WarnerMedia through a major restructuring effort. A major corporate focus continues to be HBO Max, the subscription streaming offering that launched last May.During the transition period, Desroches will serve as AT&T’s senior EVP of finance.Stephens became CFO in 2011 and played a key role in transactions such as the telecom giant’s acquisitions of DirecTV and Time Warner.

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