AT&T Inc. (T) Chief Executive Officer Randall Stephenson, whose company sponsors the Masters tournament at the Augusta National Golf Club, said he supports the organization’s decision to admit its first female members.

“We applaud today’s historic announcement by Augusta National and warmly welcome Condoleezza Rice and Darla Moore as members of Augusta National,” he said in an e-mailed statement.

Rice, the former U.S. secretary of state, and Moore, a partner at investment firm Rainwater Inc., were accepted as members, the club said in a statement today.

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To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net