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Former AT&T Chairman & CEO Randall Stephenson Joins Walmart Board

By John F. Heerdink, Jr.

As per reports, the Board of Directors, Walmart (WMT) has appointed Randall Stephenson, 60, former Chairman and Chief Executive Officer of AT&T Inc., as a new member of the company’s board, effective March 3. Stephenson adds as the 12th member of the board.  Stephenson retired in January of 2021 as the Executive Chairman of the Board of AT&T after a 38-year career with the company that started in 1982 with Southwestern Bell Telephone. Earlier he fulfilled his roles as  Chairman of the Board and Chief Executive Officer of AT&T  from 2007 until July 2020.

“I’m honored to be appointed to the board of Walmart. I’ve admired how the management team and Walmart associates have continued to adapt and change to serve customers in new and exciting ways while also serving communities during an unprecedented health crisis. I look forward to joining my colleagues on the board to further the company’s vision of becoming the best omni-retailer in the world.” stated Randall Stephenson.

Stephenson completed his Master of Accountancy degree from the University of Oklahoma and holds a Bachelor of Science degree in Accounting from Central State University, which is now known as the University of Central Oklahoma.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart Board of Directors Adds Former AT&T Chairman and CEO Randall Stephenson in Business Wire)


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