Boeing Chairman Jim McNerney announced today that the company's board has elected Randall Stephenson as a new director, effective February 2016.

Stephenson, 55, has been chairman and CEO of AT&T, one of the world's largest telecommunications companies, since 2007. AT&T is a global leader in integrated connectivity solutions for businesses and consumers, including video entertainment, mobility, network security, high-speed Internet and voice services.

During his 33-year AT&T career, Stephenson has served as chief operating officer from 2004-2007, and senior vice president and chief financial officer from 2001-2004. He has been a member of the company's board since 2005.

When his appointment becomes effective in February 2016, he will serve on the Boeing board's Audit, Finance and Special Programs committees.