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Lucent Technologies, Finance, Global: Lucent Technologies today announced that John A Kritzmacher, 45, has been appointed the company's Chief Financial Officer (CFO).
Mr Kritzmacher, who had been Lucent's corporate controller since 2001, succeeds Frank D'Amelio, who took on a new role as Lucent's Chief Operating Officer in January. The appointment is effective immediately.John Kritzmacher will be responsible for all Lucent's financial operations, including corporate accounting, external reporting, financial planning, treasury, tax and investor relations. In addition, he will oversee internal audit, real estate, and mergers and acquisitions. He will report directly to Chairman and CEO Patricia Russo. As Lucent's corporate controller, Mr Kritzmacher played a critical role in leading the company's financial recovery. He was an active leader in the company's major restructuring efforts, which led to the reduction of about US$5 billion in annual operating expenses, and helped generate the company's first full year of profitability in fiscal 2004 after three years of losses. He graduated in maths and economics from Dartmouth College and an MBA from New York University's Stern School of Business. more info: www.lucent.com |
Date: 8 - 11 December 2008