Patricia Russo
| Patricia F. Russo | |
|---|---|
Photo of Russo as member of the National Security Telecommunications Advisory Committee
|
|
| Born |
Patricia Fiorello June 12, 1952 Trenton, New Jersey |
| Citizenship |
 United States
|
| Alma mater |
Georgetown University Lawrence High School |
| Occupation | Chairwoman of Hewlett Packard Enterprise |
| Known for | former CEO of Lucent Technologies, Alcatel-Lucent |
| Board member of | Hewlett Packard Enterprise, Arconic |
Patricia F. Russo (born June 12, 1952, in Trenton, New Jersey is an American businessperson. Russo is most widely known for having served as Chief Executive Officer (CEO) of Lucent Technologies, and its successor, Alcatel-Lucent, a large communications equipment manufacturer. She currently serves on the Board of Directors of General Motors, Merck & Co., and ALCOA, Inc. She serves as Chairwoman of the nonprofit organization, Partnership at Drugfree.org. Prior to the split of Hewlett-Packard into two companies in 2015, Russo served as Lead Independent Director. She now serves as Chairwoman of Hewlett Packard Enterprise.
Forbes Magazine rated Russo as 10th on its List of the World's 100 Most Powerful Women in 2006.
Russo joined Lucent's predecessor in 1982. In 1992, she became President of the Business Communications Systems division, moving in 1997 to become the Executive Vice President (VP) of Corporate Operations, and in 1999 to Executive VP and CEO of the Service Provider Networks Group. She left in August 2000, after a reorganization; however, returned in January 2002 to become the CEO. After "cutting costs and focusing on sales of wireless equipment, Russo was credited with returning Lucent to profitability in 2004, after three years of red ink." However, profits that year "came largely through slashes in spending, cuts to retiree benefits, and reductions in research-and-development budgets that spurred protests."
On April 2, 2006, it was announced that Russo would assume the CEO role of a new combined company resulting from the merger of the French communications company Alcatel and Lucent. This merger became effective on December 1, 2006. When Russo became the CEO of the combined company, Serge Tchuruk, the former CEO of Alcatel, remained as chairwoman.
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