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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.
