July 26, 2006 Paris and Murray Hill, NJ -- Following the April 2nd announcement of their proposed merger transaction, Alcatel and Lucent have achieved a number of significant milestones, including satisfying some regulatory conditions to the proposed merger and deciding on a basic business model and associated organization for the combined company. On July 10, 2006, the two companies announced a number of members of the senior leadership team for the combined company. Today's announcement names additional members of the senior leadership team for some of the critical corporate functions.
Olivier Baujard, will serve as chief technology officer for the combined company. He currently serves as CTO for Alcatel. Jeong Kim will remain President of Bell Labs. Helle Kristoffersen, currently vice president of corporate strategy for Alcatel, will become the vice president of corporate strategy for the combined company. Baujard, Kim, and
Kristoffersen will report to Mike Quigley, who will serve as president, Science, Technology and Strategy, in the combined company. Quigley now is president and chief operating officer of Alcatel.
John Giere, currently chief marketing officer for Lucent, will assume that post for the combined company. Lucent chief information officer Elizabeth Hackenson has been named to lead the combined company's Information Systems/Information Technology organization. They will report to Frank D'Amelio, who will oversee a number of key corporate and cross-company functions for the combined company. D'Amelio currently serves as COO for Lucent.
"Alcatel and Lucent are fortunate in the depth and breadth of the talent each company is bringing to our proposed merger," notes Patricia Russo, who will become CEO of the combined company. "Our experienced international management team will give our combined company an enormous advantage as we face the dynamic market in which we will compete."
"We are putting together the combined organization with a balanced representation of talented leaders from both companies to fully leverage the significant advantage of the cultural diversity that our global teams will bring to every customer and business need," adds Serge Tchuruk, chairman and CEO of Alcatel, who will become non-executive chairman of the combined company.
Olivier Baujard joined Alcatel in1988 and has held a variety of leadership roles in his 18 years with the company, including leading the company's Network Applications Division and its Enterprise Solutions Division. Prior to his current position as CTO, he was vice president for Alcatel Corporate Strategy.
Jeong Kim rejoined Lucent in 2005 as president of Lucent's research and development organization, Bell Labs. He originally joined Lucent in 1998 when Lucent acquired Yurie Systems, a high-tech communications company he had founded in 1992. He left Lucent in 2001 to join the faculty of the University of Maryland with joint appointments in the Department of Electrical and Computer Engineering and the Department of Mechanical
Helle Kristoffersen joined Alcatel in1994 and since that time has held a number of senior positions in marketing, business development, strategy and financial operations. Prior to joining Alcatel, she was manager of special projects for the Deputy Chief Financial Officer within the Bollore Group and started her career as an analyst in the mergers and acquisitions department at Lazard Freres et Cie.
John Giere has been Lucent's chief marketing officer since he joined the company in 2003. Prior to joining Lucent, he had spent several years at LM Ericsson where he held several strategic marketing and business development positions.
Elizabeth Hackenson joined Lucent in April as CIO from MCI where she held a similar position. She joined MCI five years ago when it merged with UUNET, where she had worked for three years and managed the development of Internet products and implemented web-based tools for the company's supply chain.
Mike Quigley was appointed Alcatel's president and chief operating officer in 2005. He has held a variety of executive positions including president of Alcatel North America and president of the Fixed Communications business. During his 35-year career, he has held senior positions in manufacturing and quality and sales and marketing.
Frank D'Amelio was named Lucent's chief operating officer earlier this year. During his 27-year career, he has held a variety of senior financial and operational positions at Lucent and AT&T, and in May 2001 was named Lucent's executive vice president and chief financial officer, overseeing the management of all financial, accounting, and administrative functions.
The companies expect to complete their merger transaction by the end of calendar year 2006, within the six- to 12-month timeframe originally announced on April 2. This week, the two companies received EU clearance to proceed with their merger transaction.