AT&T Elevates John Stankey to President, Next in Line to CEO

  • Jeff McElfresh, AT&T veteran, will oversee mobile, TV business
  • Some analysts had expected a woman to join company’s top ranks
John StankeyPhotographer: Andrew Harrer/Bloomberg
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AT&T Inc. named media chief John Stankey to the new position of president and chief operating officer, establishing a clear No. 2 to Chief Executive Officer Randall Stephenson.

The company also saidBloomberg Terminal that technology chief Jeff McElfresh, 48, will become CEO of AT&T Communications, filling a post vacated last week when John Donovan abruptly stepped down.