LONDON: AT&T is replacing WarnerMedia CEO John Stankey with Hulu cofounder Jason Kilar, the company announced Wednesday.
The transition will be effective May 1, with Kilar reporting to Stankey in his role as president and COO of AT&T, according to the release.
WarnerMedia has been searching for a new CEO since AT&T elevated current CEO John Stankey to chief operating officer in September. AT&T CEO Randall Stephenson acknowledged that month that Stankey was a probable choice to take over as the next AT&T CEO if he “executes the play,” a nod to AT&T successfully integrating Time Warner, the $100 billion media company it acquired last year.