John Stankey elected Chairman of AT&T's Board of Directors, William Kennard named Lead Independent Director

Core Points - AT&T has elected John Stankey as the new Board Chair, succeeding William E. Kennard, who will take on the role of Lead Independent Director [1][2] - The change in leadership is part of AT&T's three-year strategic and capital allocation plan, aimed at enhancing governance agility and long-term shareholder value [2] Company Overview - AT&T serves over 100 million U.S. families and nearly 2.5 million businesses, providing services from traditional phone calls to advanced 5G wireless and multi-gig internet offerings [3]