Former AT&T chief Stephenson joins Walmart board

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Walmart Inc said on Friday it had appointed former AT&T Inc Chief Executive Officer Randall Stephenson to its board.

Stephenson’s addition, effective March 3, will expand the retailer’s board to 12 members.

Stephenson, 60, retired as AT&T’s executive chairman in January this year, after a 38-year stint with the company and serving as its CEO.

He has previously served as chairman of the Business Roundtable, a group of CEOs from some of the biggest U.S. companies that Walmart chief Doug McMillon currently leads.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)