PARIS and MURRAY HILL, N.J., July 26 /PRNewswire-FirstCall/ --
Alcatel (Paris: CGEP.PA and NYSE: ALA) and Lucent Technologies
(NYSE:LU) today named additional members to the senior leadership
team for the combined company. Following the April 2 announcement
of their proposed merger transaction, the two companies 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 (CTO) 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 (COO) 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," said 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,"
said Serge Tchuruk, chairman and CEO of Alcatel who will become
non-executive Chairman of the combined company. Olivier Baujard
joined Alcatel in 1988 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 Engineering. Helle Kristoffersen joined
Alcatel in 1994 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 he company's supply chain. Mike
Quigley was appointed Alcatel's 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. About Alcatel Alcatel provides
communications solutions to telecommunication carriers, Internet
service providers and enterprises for delivery of voice, data and
video applications to their customers or employees. Alcatel brings
its leading position in fixed and mobile broadband networks,
applications and services, to help its partners and customers build
a user-centric broadband world. With sales of EURO 13.1 billion and
58,000 employees in 2005, Alcatel operates in more than 130
countries. For more information, visit Alcatel on the Internet:
http://www.alcatel.com/ About Lucent Lucent designs and delivers
the systems, services and software that drive next-generation
communications networks. Backed by Bell Labs research and
development, Lucent uses its strengths in mobility, optical,
software, data and voice networking technologies, as well as
services, to create new revenue- generating opportunities for its
customers, while enabling them to quickly deploy and better manage
their networks. Lucent's customer base includes communications
service providers, governments and enterprises worldwide. For more
information on Lucent, which has headquarters in Murray Hill, N.J.,
U.S.A., visit http://www.lucent.com/. SAFE HARBOR FOR FORWARD
LOOKING STATEMENTS AND OTHER IMPORTANT INFORMATION This document
contains statements regarding the proposed transaction between
Lucent and Alcatel, the expected timetable for completing the
transaction, future financial and operating results, benefits and
synergies of the proposed transaction and other statements about
Lucent and Alcatel's managements' future expectations, beliefs,
goals, plans or prospects that are based on current expectations,
estimates, forecasts and projections about Lucent and Alcatel and
the combined company, as well as Lucent's and Alcatel's and the
combined company's future performance and the industries in which
Lucent and Alcatel operate and the combined company will operate,
in addition to managements' assumptions. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," variations of such words and
similar expressions are intended to identify such forward-looking
statements which are not statements of historical facts. These
forward-looking statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions that are
difficult to assess. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. These risks and uncertainties are based
upon a number of important factors including, among others: the
ability to consummate the proposed transaction; difficulties and
delays in obtaining regulatory approvals for the proposed
transaction; difficulties and delays in achieving synergies and
cost savings; potential difficulties in meeting conditions set
forth in the definitive merger agreement entered into by Lucent and
Alcatel; fluctuations in the telecommunications market; the
pricing, cost and other risks inherent in long-term sales
agreements; exposure to the credit risk of customers; reliance on a
limited number of contract manufacturers to supply products we
sell; the social, political and economic risks of our respective
global operations; the costs and risks associated with pension and
postretirement benefit obligations; the complexity of products
sold; changes to existing regulations or technical standards;
existing and future litigation; difficulties and costs in
protecting intellectual property rights and exposure to
infringement claims by others; and compliance with environmental,
health and safety laws. For a more complete list and description of
such risks and uncertainties, refer to Lucent's annual report on
Form 10-K for the year ended September 30, 2005 and quarterly
reports on Form 10-Q for the periods ended December 31, 2005 and
March 31, 2006 and Alcatel's annual report on Form 20-F for the
year ended December 31, 2005 as well as other filings by Lucent and
Alcatel with the U.S. Securities and Exchange Commission (the
"SEC"). Except as required under the U.S. federal securities laws
and the rules and regulations of the SEC, Lucent and Alcatel
disclaim any intention or obligation to update any forward-looking
statements after the distribution of this document, whether as a
result of new information, future events, developments, changes in
assumptions or otherwise. IMPORTANT ADDITIONAL INFORMATION FILED
WITH THE SEC In connection with the proposed transaction between
Lucent and Alcatel, Alcatel has filed a registration statement on
Form F-4 (File no. 33-133919) (the "Form F-4") to register the
Alcatel ordinary shares underlying the Alcatel American Depositary
Shares ("ADS") to be issued in the proposed transaction. Alcatel
and Lucent have also filed, and intend to continue to file,
additional relevant materials with the SEC, including a
registration statement on Form F-6 (the "Form F-6" and together
with the Form F-4, the "Registration Statements") to register the
Alcatel ADSs to be issued in the proposed transaction. The
Registration Statements and the related proxy statement/prospectus
contain and will contain important information about Lucent,
Alcatel, the proposed transaction and related matters. Investors
and security holders are urged to read the Registration Statements
and the related proxy statement/prospectus carefully, and any other
relevant documents filed with the SEC, including all amendments,
because they contain important information. Investors and security
holders may obtain free copies of the documents filed with the SEC
by Lucent and Alcatel (including the Form F-4 and, when filed, the
Form F-6) through the web site maintained by the SEC at
http://www.sec.gov/. In addition, investors and security holders
may obtain free copies of materials filed with the SEC by Lucent
and Alcatel (including the Form F-4 and, when filed, the Form F-6)
by contacting Investor Relations at http://www.lucent.com/, by mail
to 600 Mountain Avenue, Murray Hill, New Jersey 07974 or by
telephone at 908-582-8500 and from Alcatel by contacting Investor
Relations at http://www.alcatel.com/, by mail to 54, rue La Boetie,
75008 Paris, France or by telephone at 33-1-40-76-10-10. Lucent and
its directors and executive officers also may be deemed to be
participants in the solicitation of proxies from the stockholders
of Lucent in connection with the transaction described herein.
Information regarding the special interests of these directors and
executive officers in the transaction described herein is included
in the Form F-4 (and will be included in the definitive proxy
statement/prospectus for the proposed transaction). Additional
information regarding these directors and executive officers is
also included in Lucent's proxy statement for its 2006 annual
meeting of stockholders, which was filed with the SEC on or about
January 3, 2006. This document is available free of charge at the
SEC's web site at http://www.sec.gov/ and from Lucent by contacting
Investor Relations at http://www.lucent.com/, by mail to 600
Mountain Avenue, Murray Hill, New Jersey 07974 or by telephone at
908-582- 8500. Alcatel and its directors and executive officers may
be deemed to be participants in the solicitation of proxies from
the stockholders of Lucent in connection with the transaction
described herein. Information regarding the special interests of
these directors and executive officers in the transaction described
herein is included in the Form F-4 (and will be included in the
definitive proxy statement/prospectus for the proposed
transaction). Additional information regarding these directors and
executive officers is also included in Alcatel's annual report on
Form 20-F filed with the SEC on March 31, 2006. This document is
available free of charge at the SEC's web site at
http://www.sec.gov/ and from Alcatel by contacting Investor
Relations at http://www.alcatel.com/, by mail to 54, rue La Boetie,
75008 Paris, France or by telephone at 33-1-40-76-10-10.
DATASOURCE: Alcatel; Lucent Technologies CONTACT: Alcatel Press
Contacts, Regine Coqueran, +33-1-40-76-49-24, , or Alcatel Investor
Relations, Pascal Bantegnie, +33-1-40-76-52-20, , Nicolas
Leyssieux, +33-1-40-76-37-32, , Maria Alcon, +33-1-40-76-15-17, ,
Charlotte Laurent-Ottomane, +1-703-668-7016, ; Lucent Press
Contacts, Joan Campion, +1-908-582-5832, , Mary Ward,
+1-908-582-7658, , or Lucent Investor Relations, John DeBono,
+1-908-582-7793, , Dina Fede, +1-908-582-0366, Web site:
http://www.lucent.com/ http://www.alcatel.com/
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