Lucent Adds to Board

Lucent Technologies appoints Richard C. Levin and Karl J. Krapek to its board of directors

July 14, 2003

1 Min Read

MURRAY HILL, N.J. -- Lucent Technologies (NYSE: LU) announced today's election of Richard C. Levin and Karl J. Krapek to the company's board of directors. Levin, 56, is the president of Yale University and a specialist in the economics of technological change. He has studied and written extensively on industrial research and development during his career, and he brings valuable management experience and knowledge of this field to his new position on the Lucent board. Krapek, 54, served as the president and chief operating officer of United Technologies Corp. (UTC), one of the world's leading suppliers to the aerospace, defense and building industries, before retiring in 2002. While at UTC, he ran the Pratt & Whitney aircraft engine business, the Carrier heating and air conditioning business, and the Otis elevator company. He brings broad experience managing complex, global business operations to Lucent's board. "These appointments represent another step in our efforts to expand the board with quality leaders and experienced business people," Lucent Chairman and CEO Patricia Russo said. "Rick's and Karl's diverse backgrounds will complement our already strong Lucent board, and we look forward to the contributions our newest members will make." These appointments bring Lucent's board to a total of 10 members. Levin and Krapek join Robert Denham, Daniel Goldin, Edward Hagenlocker, Carla Hills, Henry Schacht, Franklin Thomas, John Young and Russo on the board. In other actions today, the board appointed director Robert Denham as chairman of its Audit and Finance Committee, replacing Paul Allaire who resigned from the board in June. Lucent Technologies Inc.

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