ALLENTOWN, Pa. -- Agere Systems, formerly known as the Microelectronics Group of Lucent Technologies (NYSE: LU), today announced that John W. Gamble, Jr. has been named senior vice president and treasurer and Kevin Pennington will be senior vice president, human resources. On July 20, 2000, Lucent announced its intention to spin off its Microelectronics Group. The IPO is expected to take place by the end of the first calendar quarter of 2001, and the spinoff is expected to be completed by September 30, 2001.

"I am delighted to welcome John and Kevin, who bring a wealth of skills and experience, to our team," commented John Dickson, president and chief executive officer-designate of Agere Systems. "As we move toward becoming a standalone company Kevin will be charged with developing a comprehensive human resources program that will help us attract and retain the best talent in the industry. John will be vital in ensuring that we manage our funds most effectively to benefit our business and its shareholders."

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