NEW YORK, NEW
08 Dec 2000, 12:38 PM
Hughes, a senior executive of the wireless networks unit of Lucent
Technologies Inc, is leaving "to pursue new career opportunities" a
Lucent spokesperson confirmed today.
This is the second top manager to quit in two months amid missed
earnings, major restructuring and management reshuffling of the
beleaguered telecom equipment supplier.
In October, chairman and chief executive officer Richard McGinn
was ousted and replaced with interim head Henry Schacht, and in
November the company announced it would slash 240 jobs, mostly in
Sam Gronner, a senior manager of external relations for Lucent's
wireless networks group, told Newsbytes in an e-mail response that
Hughes has elected to leave the company to pursue new career
opportunities and his last day is December 12.
He added that Hughes is currently "weighing several options but
has chosen not to discuss his future plans."
On his replacement, Gronner replied: "We are taking the
opportunity of John's departure to re-engineer the organization and
will have an announcement shortly."
Hughes was appointed as GSM/UMTS president in July 1999, and was
responsible for growing the company's global wireless business and
positioning it to be a major player in third-generation (3G)
He joined Lucent in September 1997 as managing director of the
microelectronics group responsible for the Europe, Middle East and
Africa (EMEA) markets.
Prior to joining Lucent, Hughes was a vice president of the
Convex Computer Corporation and director of the Convex division of
Hewlett- Packard, after its acquisition in 1995.
Hughes was based in Swindon, United Kingdom and is an electrical
and electronic engineering graduate from the University of
Hertfordshire, but spent a large part of his early career in the IT
industry in the US in various managerial positions.
Lucent, which has made four profit warnings this year, has seen
its stock plunge almost 83 percent on the New York Stock Exchange
from a 52-week high of US$84.19, to close at US$14.56 a share on
The Murray Hill, New Jersey-based company's troubles can be
traced back to a decline in the sale of its traditional voice
equipment and delays in launching 10-Gbit networking products.
Lucent earlier announced plans to spin-off its semiconductor and
optical components business to be called Agere System by first
quarter of 2001. In October, it shed its corporate communication
systems unit, now known as Avaya Inc.
Reported By Newsbytes.com, http://www.newsbytes.com/
(20001208/WIRES TOP, TELECOM, BUSINESS/LUCENT/PHOTO)