Patricia Russo
- January 9, 2024
- Businessperson
Quick Facts
Full Name | Patricia Russo |
Occupation | Businessperson |
Date Of Birth | Jun 12, 1952(1952-06-12) |
Age | 72 |
Birthplace | Trenton |
Country | United States |
Birth City | New Jersey |
Horoscope | Gemini |
Patricia Russo Biography
Name | Patricia Russo |
Birthday | Jun 12 |
Birth Year | 1952 |
Place Of Birth | Trenton |
Home Town | New Jersey |
Birth Country | United States |
Birth Sign | Gemini |
Patricia Russo is one of the most popular and richest Businessperson who was born on June 12, 1952 in Trenton, New Jersey, United States. Patricia F. Russo (born on June 12, 1952, located in Trenton, New Jersey is a famous American businessperson. Russo is best known for her work as chief executive officer (CEO) at Lucent Technologies, and its successor, Alcatel- Lucent, a large company that makes communications equipment. At the time of her appointment in 2020 she sits as a member of the Board of Directors of General Motors, Merck & Co. along with Arconic, Inc. She is Chairwoman of the non-profit organization, Partnership at Drugfree.org. Prior to the division of Hewlett-Packard into two separate companies at the end of 2015 Russo held the position of the Lead Independent Director. She currently serves as the Chairperson of Hewlett Packard Enterprise.
on April 2nd, 2006 the announcement was made that Russo will take over the role of CEO of a brand new company that was formed from the merger between the French communications firm Alcatel Lucent and Alcatel Lucent. The merger was effective the 1st of December in 2006. At the time that Russo was appointed CEO of the new business, Serge Tchuruk, the former CEO of Alcatel continued as chairman.
In the statement released by Alcatel-Lucent relating to her departure, Russo was quoted as saying, “The company will benefit from new leadership aligned with a newly composed board to bring a fresh and independent perspective that will take Alcatel-Lucent to its next level of growth and development in a rapidly changing global market.”. On September 2, 2008, she was replaced by Ben Verwaayen.
The newly combined entity failed to turn a profit, and as a result, the company’s management team resorted to rounds of restructuring and layoffs to address what were considered “challenging market conditions”. The board eventually decided to oust the management team, and on July 29, 2008, Russo, along with Alcatel-Lucent chairman Serge Tchuruk, announced that she would step down by the end of 2008, in a broad-reaching management restructuring. Significant changes in the composition of the company’s board were also announced. Alcatel-Lucent shares had lost more than 60% of their value since the merger.
Russo was Chief Operations Officer (COO) of Eastman Kodak, a position she resigned in January 2002, when she was re-appointed to Lucent as the CEO of Lucent. She also was Chairperson of Avaya which was spun out of Lucent. Avaya however had filed for bankruptcy in January of 2017.
Patricia Russo Net Worth
Net Worth | $5 Million |
Source Of Income | Businessperson |
House | Living in own house. |
Patricia Russo is one of the richest Businessperson from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Patricia Russo 's net worth $5 Million. (Last Update: December 11, 2023)
Russo is a native of Trenton, New Jersey and was the mother of seven siblings.When the time came to attend high school, she took part in sports, and eventually became the captain of the team prior to graduating at Lawrence High School in 1969. She graduated with a bachelor’s degree in the fields of political science and history in 1973 from Georgetown University, Washington, D.C. in 1973.
Russo joined Lucent’s predecessor as of 1982, when Lucent’s predecessor was hired by the company’s predecessor. Then, in the year 1992 she was promoted to the president for the Business Communications Systems division, then in 1997, she was promoted to executive vice president (VP) for Corporate Operations, and in 1999 she became Executive Vice President (VP) as well as CEO for the Service Provider Networks Group. She resigned in August 2000 after a reorganization, however, she returned in January 2002, to be the CEO. In the wake of “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.”
Forbes Magazine rated Russo as 10th on its List of the World’s 100 Most Powerful Women in 2006.
Height, Weight & Body Measurements
Patricia Russo height Not available right now. Patricia weight Not Known & body measurements will update soon.
Who is Patricia Russo Dating?
According to our records, Patricia Russo is possibily single & has not been previously engaged. As of December 1, 2023, Patricia Russo’s is not dating anyone.
Relationships Record : We have no records of past relationships for Patricia Russo. You may help us to build the dating records for Patricia Russo!
Facts & Trivia
Patricia Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in United States. Patricia Russo celebrates birthday on June 12 of every year.
Is Patti Russo married to Meat Loaf?
It’s heartwarming.” Yet Russo and Meat had already parted company once before in their 20-year “professional marriage”. She admits she’s been married to her career – and, like most relationships, it’s had its ups and downs.
What is Patti Russo doing now?
EP out now! After working with high-profile bands and musicians around the world for twenty years, singer / songwriter Patti Russo is launching her solo career with a tour of the UK and an EP of her own music. Patti is best known as a duet partner for Meat Loaf, with whom she toured the world for two decades.
Who is Pattie Russo?
Patricia Russo (May 20, 1964) is an American singer and songwriter. She is perhaps best known as Meat Loaf’s former female lead vocalist, as she toured the world with his band Neverland Express between 1993 and 2013. Since then, she has embarked on a solo career.
How old is Patti Russo?
58 years (May 20, 1964)
How many wives has Meat Loaf had?
Meat Loaf
Other names| Michael Lee Aday
Occupation| Singer actor
Spouse(s)| Leslie Edmonds ( m. 1979; div. 2001) Deborah Gillespie
( m. 2007)
Children| Pearl Amanda