One day after announcing Q1 2022 earnings results, AT&T revealed an executive shakeup, complete with a new chief operating officer.
Jeff McElfresh, CEO of the AT&T Communications segment, is being moved into the COO seat, a position that had been occupied by former AT&T President John Stankey, who was promoted to lead the telecom giant in 2020, the Dallas-based company announced internally on Friday.
AT&T earlier this month spun off its hard-fought WarnerMedia unit, which offered entertainment, sports and news assets, to television company Discovery Inc. after buying Time Warner in 2018 for $85.4 billion. AT&T closed the acquisition of the global entertainment and media powerhouse four years ago in the hopes of becoming a media giant, but the carrier has since pivoted its focus back to its core connectivity business.
The AT&T Communications segment, which housed the carrier’s entertainment services, has become a leaner organization, which sparked speculation that McElfresh (pictured) and other AT&T Communications leaders would possibly be moving into new roles.
As COO, McElfresh will continue to report to Stankey.