AT&T’s John Stankey sent a note to employees on Tuesday reassuring them on the future of the company’s Xandr ad unit following the departure of CEO Brian Lesser.
“While I am disappointed Brian will not be with us for the next chapter, I want you to know that our commitment to making advertising matter has not changed,” Stankey, who is president and chief operating officer at AT&T and CEO of WarnerMedia, wrote in a memo obtained by Ad Age. “I have long advocated the need for AT&T to develop native capabilities to nurture and grow advertising revenues; in fact, I have been personally championing it since 2012.”
Stankey said AT&T is committed to investing in the company’s advertising capabilities.
In the interim, Stankey said Xandr will be led by Kirk McDonald, who has been serving as chief business officer.
An AT&T spokesman declined to comment.