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AT&T CEO Whitacre announces retirement

Telecom company's head is leaving after 43 years at the company.

AT&T CEO Edward Whitacre has announced his retirement after 43 years at the company. The retirement will be effective on June 3, according to a brief statement provided to CNET News.com by AT&T spokesman Michael Coe.

Whitacre will be replaced by Randall Stephenson, who currently serves as the company's chief operating officer.