Warner media boss lands lucrative deal

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The longtime Chief Executive Officer of WarnerMedia John Stankey is soaring to greater managerial heights. This is after AT&T promoted him to a second role as president and chief operating officer where he will now report to AT&T’s Chief Executive Officer Randall Stephenson.

As from next month, the 56 year old Stankey will start his work as both president and chief operating officer. He will however still keep his position as WarnerMedia Chief Executive Officer.

WarnerMedia is the unit known for housing major production houses as well as cable channels such as the Warner Bros. studio, HBO and even the likes of CNN.

In a statement issued by Randall Stephenson, he says that it is time to align their world class content, scaled consumer relationships, innovative technology and their technical skills. He also goes further to praise Stankey who has been with AT&T since 1985 saying that Stankey, throughout his career has helped shape strategy, excelled at operations; this is evident from his long career and also he is an exceptional executive.

As this change takes place, the company has also made it known that John Donovan who announced his retirement as head of AT&T communications mobile, broadband and pay-TV unit will be replaced by Jeff McElfresh a veteran phone company executive. McElfresh will now report to his new boss John Stankey.

These changes in positions come ahead of WarnerMedia’s huge launch. The launch that is expected next year is that of big streaming play HBO Max. This new service apart from inculcating other streaming content, it will also bring forth HBO proper. The launch comes even as the likes of Richard Plepler and Kevin Tsujihara of Warner Bros head out of the corporation.

For surmountable and effective changes to be felt at any given corporation, in house changes are therefore patent. Now it is definitely a blow to WarnerMedia for losing some of its greatest veterans but with new blood being injected in, we can only hope that Stankey and McElfresh will not only uphold the good work that has been seen from the corporation over the years but they will also be on the forefront of change. We hope to see them helping the corporation scale to greater heights whether it is in communication technology, greater production advancements, and production of quality content as well as innovative, insightful and creative published works.

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