MURRAY HILL, NJ -- Lucent Technologies has named Patricia F. Russo as the company's new president and CEO. Russo wi...
January 7, 2002
MURRAY HILL, NJ — Lucent Technologies has named Patricia F. Russo as the company’s new president and CEO. Russo will succeed Henry Schacht, 67, who will serve as chairman of the company.
Russo most recently served as president and CEO of Eastman Kodak Company. She now returns to Lucent where she was one of the founding executives who helped launch the AT&T spin-off in 1996.
Russo has spent 20 years in senior executive leadership positions at Lucent and AT&T, managing some of the business’s largest divisions. Before joining AT&T, Russo spent eight years in sales and marketing management at IBM Corporation.
“Henry and the team have put in place and are implementing a solid, credible plan for turning this business around,” says Russo. “Lucent and this industry have always been a home to me and I look forward to working with this team to accelerate the execution of our plan.”