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AT&T’s Randall Stephenson to Retire as CEO

AT&T Inc. Chief Executive Randall Stephenson said he will step aside at the end of June, handing leadership of one of the world’s largest media and telecommunications companies to longtime deputy John Stankey.

Mr. Stephenson, who turned 60 this week, has spent most of his 13 years as chairman and CEO piecing together a modern media business by scooping up DirecTV and then Time Warner, remaking the telephone company that launched his career.

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