2002 Vol. 11 No. 1
the Glass Ceiling
Technologies names Patricia Russo President and Chief
Technologies has named Patricia F. Russo as the company's
president and chief executive officer. Russo, 49, succeeds
Henry Schacht, 67, who will serve as chairman of the
company. Russo most recently served as president and
chief operating officer 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 and most critical corporate functions.
"Pat brings deep knowledge of our industry and our customers
coupled with the ability to lead a large organization
through change," said Schacht. "She understands and
embraces our strategic and restructuring plans, and
she can step in as CEO without missing a beat.
has all the skills Lucent needs right now," continued
Schacht. "She has strong management, operations and
leadership experience. She brings her excellent sales
and customer relationship skills back to Lucent, where
she served all of our major service provider customers
as the head of that business." "Henry and the team have
put in place and are implementing a solid, credible
plan for turning this business around," said 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." Schacht added, "Pat has
asked me to serve as chairman for an interim period
to ensure continuity during our transition. I have agreed
to stay for as long as I can be helpful, but I can't
envision the timeframe being any longer than a year."
Russo's tenure at Lucent and AT&T, she served as executive
vice president and CEO of Lucent's Service Provider
Networks division, and had responsibility for sales,
distribution, installation and development of products
and systems for Lucent's service provider customers.
This is the same business that Lucent decided to make
its core operation as part of its restructuring plans
in 2001. As executive vice president of Lucent's corporate
operations from 1997 to 1999, she had oversight for
corporate strategy, business development, supply chain,
human resources and investor and public relations organizations.
president of the Business Communications Systems division
of AT&T and Lucent from 1992 to 1996. Russo executed
the successful turnaround of a $6 billion enterprise
communications business, which was Lucent's second-largest
division and was later spun off as Avaya Inc.
currently serves as non-executive chairman of Avaya,
and sits on the boards of Schering Plough Corp. and
her alma mater Georgetown University. Russo graduated
from the Advanced Management Program at Harvard Business
School in 1989, and received a bachelor's degree in
Political Science and History from Georgetown University
in Washington, D.C.
joining AT&T in 1981, Russo spent eight years in sales
and marketing management at International Business Machines
in Murray Hill, N.J., USA, designs and delivers networks
for the world's largest communications service providers.
Backed by Bell Labs research and development, Lucent
relies on its strengths in mobility, optical, data and
voice networking technologies as well as software and
services to develop next-generation networks. The company's
systems, services and software are designed to help
customers quickly deploy and better manage their networks
and create new, revenue-generating services that help
businesses and consumers. For more information on Lucent
Technologies, visit its Web site at: www.lucent.com.