Patricia Russo Biography
Patricia Russo is a businesswoman from the United States known as the former CEO of Lucent Technologies and its successor, Alcatel-Lucent, a prominent communications equipment company.
How old is Patricia Russo? – Age
She is 71 years old as of 12 June 2023. She was born in 1952 in Trenton, New Jersey, United States. Her real name is Patricia Fiorello.
Patricia Russo Family
Russo was born in Trenton, New Jersey, to a family of six children. Before graduating from Lawrence High School in 1969, she was involved in sports and even became captain of a cheerleading squad. She graduated from Georgetown University in Washington, D.C. with a bachelor’s degree in political science and history.
Patricia Russo Net Worth
She has an estimated net worth of $4 Million.
Patricia Russo General Motors – Career
Russo joined Bright’s ancestor in 1982. In 1992, she became Leader of the Business Correspondences Frameworks division, moving in 1997 to turn into the leader VP of Corporate Activities, and in 1999 to chief VP and CEO of the Specialist co-op Organizations Gathering.
She left in August 2000, after a revamping; in any case, returned in January 2002 to turn into the CEO. In the wake of “reducing expenses and zeroing in on deals of remote gear, Russo was attributed with returning Bright to productivity in 2004, following three years of red ink.” Nonetheless, benefits that year “came generally through slices in spending, slices to retired person advantages, and decreases in innovative work financial plans that prodded fights.”
On April 2, 2006, it was declared that Russo would be CEO of another consolidated organization coming about because of the consolidation of the French interchanges organization Alcatel and Bright. This consolidation became compelling on December 1, 2006. At the point when Russo turned into the CEO of the consolidated organization, Serge Tchuruk, the previous CEO of Alcatel, stayed as director.
The recently consolidated element neglected to make money, and thus, the organization’s supervisory crew depended on rounds of rebuilding and cutbacks to address what were thought of “testing economic situations”. The board in the long run chose to remove the supervisory group, and on July 29, 2008, Russo, alongside Alcatel-Bright executive Serge Tchuruk, reported that she would step somewhere near the finish of 2008, in an expansive arriving at the board rebuilding. Massive changes in the piece of the organization’s board were likewise declared. Alcatel-Bright offers had lost over 60% of their worth since the consolidation.
In the proclamation delivered by Alcatel-Bright connecting with her flight, Russo was cited as saying, “The organization will profit from new administration lined up with a recently created load up to bring a new and free viewpoint that will take Alcatel-Bright to its next degree of development and improvement in a quickly changing worldwide market.”. On September 2, 2008, she was supplanted by Ben Verwaayen.
Russo burned through nine months as the main tasks official of Eastman Kodak, a position she left in January 2002 when she got back to Bright to turn into their CEO. She was likewise Director of Avaya, which was veered off from Bright. Avaya, notwithstanding, petitioned for financial protection in January 2017. On July 23, 2009, General Engines reported that Russo would be an individual from the organization’s new top managerial staff.