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AT&T CEO to join PGA Tour Policy Board

PGA Tour
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MOBILE, AL - NOVEMBER 10: Ben Barry of Tuscaloosa carries a stuffed Pink Panther on his shoulders as he follows Paula Creamer through her third round play in The Mitchell Company LPGA Tournament of Champions at Magnolia Grove Golf Course on November 10, 2007 in Mobile, Alabama. Creamer is nicknamed the Pink Panther. (Photo by Dave Martin/Getty Images)  - 

Randall L. Stephenson, chairman, chief executive officer and president of AT&T, will become a member of the PGA Tour Policy Board effective Jan. 1.

Stephenson replaces Edward E. Whitacre Jr., chairman emeritus of AT&T, after Whitacre’s three-year stint on the board.

“I have had a great working relationship with Randall over the past several years and consider him a wonderful choice by the Policy Board as an Independent Director,” PGA Tour commissioner Tim Finchem said in a statement issued by the Tour.

“He has been very supportive of a number of initiatives by the PGA Tour and is recognized as one of the world’s most outstanding business leaders. Randall will be a true asset to the Board and the PGA Tour.”

The Policy Board is a nine-member body consisting of four independent directors, four player directors and the president of the PGA of America.

Stephenson will be one of four independent directors, joining Chairman Victor Ganzi, former president and CEO of Hearst Corporation; John McCoy, former chairman and CEO, Bank One Corp.; and Ken Thompson, former president and CEO, Wachovia.

AT&T is a significant backer of the PGA Tour, having served as title sponsor of the Pebble Beach event since 1986 and the AT&T National since its inception in 2007.