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AT&T CEO John Stankey, who previously served as the CEO of WarnerMedia, will step down from the board of directors of shipping and logistics giant UPS.
Stankey had been a UPS board member since 2014. In a statement UPS said Stankey “is leaving the board to focus on his responsibilities” as CEO of AT&T. The telecom and media executive was named CEO of AT&T in July, succeeding Randall Stephenson.
“[Stankey’s] extensive experience in strategy, customer solutions, technology and operations were instrumental as UPS executed global strategies for growth, innovation and exceptional customer service,” said UPS board chairman William Johnson.
Following Stankey’s departure, UPS named Microsoft U.S. president Kate Johnson and GE Aviation Services CEO Russell Stokes to its board.
It is not uncommon for media and entertainment CEOs to serve on the boards of other public companies. Former Disney CEO Bob Iger also served on the board of Apple (until departing last year when Apple moved into original video programming), and former NBCUniversal CEO Steve Burke also serves on the board of Warren Buffett’s Berkshire Hathaway.
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