AT&T : Chief Financial Officer John Stephens to Retire in March

By Dave Sebastian

AT&T Inc. said finance chief John Stephens will retire in March after about nine years in his position and 28 years at the company.

Pascal Desroches, chief financial officer for AT&T's WarnerMedia unit, will succeed Mr. Stephens, effective April 1. Mr. Desroches will serve as AT&T's senior executive vice president for finance during the transition period, AT&T said Tuesday.

Mr. Desroches was the finance chief of Turner and global controller at Time Warner Inc. He was also a partner at KPMG LLP and a senior adviser to the chief accountant of the Securities and Exchange Commission.

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(END) Dow Jones Newswires

11-17-20 1204ET