AT&T today announced the retirement of John Donovan, CEO of AT&T Communications, effective October 1.
John Donovan, 58, joined AT&T in 2008 as chief technology officer (CTO), overseeing the company’s technology direction and innovation road map.
The total compensation including the annual salary of John Donovan at AT&T as the chief executive officer of AT&T Communications was $14,585,900.
AT&T CEO Randall Stephenson, AT&T CEO for Warner Media John Stankey and AT&T CFO John Stephens have received more salary than John Danovan.
AT&T promoted John Donovan to AT&T’s Chief Strategy Officer and group president — AT&T Technology and Operations, before being named CEO of AT&T Communications in July 2017.
AT&T said it will name a replacement for John Donovan soon. John Donovan managed Capex of $5.5 billion in Q2 2019 focusing on the company’s LTE, fiber and 5G network investment across the United States.
AT&T generated revenue of $17.512 billion (+1.3 percent) from mobility, $11.368 billion (–1 percent) from entertainment group, $6.628 billion (–0.3 percent) from business wireline, $8.35 billion (+5.5 percent) from WarnerMedia and $1.757 billion (–9.9 percent) from Latin America during the second quarter of 2019.
John Donovan led AT&T’s largest business unit, AT&T Communications that serves around 100 million mobile, broadband and pay-TV customers in the United States, and millions of business customers, including nearly all of the Fortune 1000.
“JD is a terrific leader and a tech visionary who helped drive AT&T’s leadership in connecting customers, from our 5G, fiber and FirstNet buildouts, to new products and platforms, to setting the global standard for software-defined networks,” said Randall Stephenson, AT&T’s chairman and CEO.