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Lucent Technologies Appoints Chief
Business Wire - October 23, 1997 12:00
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Business Editors
MURRAY HILL, N.J.--(BUSINESS WIRE)--Oct. 23, 1997--Lucent Technologies
today appointed two chief operating officers and created a series of
businesses to better focus on the industry's fastest growth
opportunities. The company's reorganization will focus it more clearly
on high growth areas such as wireless, semiconductors, data networking
and optical networking. These changes take effect November 1.
Richard McGinn, who was named Lucent Technologies chief executive
officer earlier this month, announced the appointment of two chief
operating officers to oversee the company's reorganization effort:
- Dan Stanzione, 51, has been appointed executive vice president and
chief operating officer. He will remain president of Bell Labs, Lucent's
research and development arm.
- Ben Verwaayen, 45, has been appointed executive vice president and
chief operating officer. He joined Lucent in September after being
president of the Dutch PTT and chairman of Unisource, a consortium of
European telecommunications companies and AT&T.
Stanzione and Verwaayen will jointly support the newly organized
businesses, with Stanzione having oversight of technology and product
architecture decisions, and Verwaayen taking the lead on globalization
efforts, an area with 70 percent of Lucent's growth opportunity. "Dan
led our Network Systems division to record growth in revenues and
earnings, and helped Bell Labs forge tighter links with the business.
Ben brings unparalleled knowledge of the global communications industry
to Lucent as well as the proven skill to create global partnerships,"
said Richard McGinn, CEO and president of Lucent Technologies. "Their
combined leadership and experience will allow us to maintain our
technological edge as we aggressively globalize the business." Lucent,
which formerly consisted of three business units - Microelectronics
Group, Business Communications Systems and Systems for Network Operators
- will be creating smaller businesses in order to better focus on
customers in high-growth markets. Lucent said that, in nearly all cases,
customers will continue to be served by the same sales and service
people who work with them now. The creation of several new businesses is
aimed at bringing new offerings in several high- growth markets to
customers as quickly as possible. "I've described Lucent as a group of
hot businesses, tightly focused on its customers, markets and
competitors," said McGinn. "Our reorganization is designed to provide
more focus to the business internally, while giving a single face to our
customers externally. We are organizing for growth."
Reporting to Stanzione and Verwaayen will be the newly created
businesses focused on particular markets and customer segments:
- Microelectronics Group, which will be led by Group President Curt
Crawford, 50. This business includes the current Microelectronics
products such as integrated circuits and optoelectronics. Its sales and
service force remains the same. - Business Communications Systems, which
will be led by Group President Bill O'Shea, 50. This business will
include all voice-related products currently part of the BCS product
portfolio, including the Octel Messaging Division. Its sales and service
force remains the same. - Data Networking Systems, which will be led by
Bill O'Shea. This business will include data networking offers targeted
at enterprise and Internet Service Provider customers and the Internet
Protocol and ATM core switching data offers targeted at service provider
customers. The Agile Networks and Livingston Enterprises acquisitions
will be part of this business. Its sales and service force remains the
same. - Global Service Provider Business, which will be led by Group
President Carly Fiorina, 43. This business will include marketing and
sales, service and support and program management for the network
operators and service providers around the world, including local,
long-distance, Internet and wireless service providers and global
commercial markets. This unit unifies Lucent's customer interface to
service provider customers around the world. It will have global
marketing responsibility for Lucent's largest customer segment. -
Wireless Networks Group, which will be led by Group President Jim
Brewington, 53. This business will include all manufacturing,
development, product marketing and product management for wireless
products, software and support for the service provider market. Its
sales will be managed by the Global Service Provider sales group. -
Switching and Access Systems Group, which will be led by Group President
Bob Holder, 51. This business will include all manufacturing,
development, product marketing and management for switching and access
products and software for the carrier market. Its sales will be managed
by the Global Service Provider sales group. - Optical Networking Group,
which will be led by Group President Gerry Butters, 54. This business
will include all manufacturing, development, product marketing and
management for SONET/SDH, wavelength division multiplexing and access
offers. Its sales will be managed by the Global Service Provider sales
group. - Network Products Group, which will be led by Group President
Bill Spivey, 50. This business will include all manufacturing,
development, product marketing and management for fiber products and
Power Systems products (formerly part of Microelectronics). Its products
will be sold through the Global Service Provider and Microelectronics
Group sales forces as well as indirect channels. - Communications So
ftware Group, which will be led by Acting Group President Carl Hsu, 55.
This business will include the development of software products focused
in application areas such as intelligent network applications, network
management and operations, and Internet software. Its products will be
sold through the service provider and enterprise sales forces as well as
indirect channels.
- Intellectual Property Division, which will also be led by Curt
Crawford. This business includes management of Lucent's extensive
portfolio of intellectual property including patents in semiconductor
technology and other areas. - New Ventures Group, which will be led by
President Tom Uhlman, 50. This business will continue to create new
ventures such as Inferno(TM), elemedia and Veridicom to get new
technology to the market faster.
Lucent is also creating an Office of the CEO, which will report directly
to McGinn. The Office of the CEO will have overall responsibility for
corporate strategy, Lucent-wide policymaking, corporate performance
targets, business development and handling of other major issues facing
the corporation. In addition to McGinn, Stanzione and Verwaayen, the
Office includes Executive Vice President and Chief Financial Officer Don
Peterson and Executive Vice President, Corporate Staff Operations
Patricia Russo. Peterson oversees Lucent's Financial and CIO
organizations. Russo oversees Strategy and Business Development, Public
Relations, Investor Relations and Advertising, Human Resources and
Public Affairs. She will also support the Global Procurement, Real
Estate, Quality and Environment, Health & Safety organizations. Lucent
Technologies, headquartered in Murray Hill, N.J., designs, builds and
delivers a wide range of public and private networks, communications
systems and software, data networking systems, business telephone
systems and microelectronic components. Bell Labs is the research and
development arm for the company.
For more information on Lucent Technologies, visit its web site at
lucent.com.
CONTACT: Lynda Beighley
(908) 582-3060 (work)
(201) 635-7959 (home)
lbeighley@lucent.com
or
Bill Price
(908) 582-4820 (work)
(201) 823-2544 (home)
williamprice@lucent.com
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