Global Crossing Appoints Former Lucent Exec as Chief Financial Officer
Global Crossing (NASDAQ: GLBC) yesterday announced the appointment of former Lucent Technologies CFO and current senior Alcatel-Lucent executive John Kritzmacher to the role of executive vice president and chief financial officer. “We are pleased to welcome John to Global Crossing,” said John Legere, Global Crossing’s chief executive officer. “John’s unique combination of financial and telecommunications expertise, global perspective and experience in dynamic organizations brings real value for our customers, shareholders and employees.”
As chief financial officer at Lucent Technologies, John managed all traditional financial functions, including strategic financial planning, M&A, financial performance management, treasury, tax, internal audit and investor relations. Before becoming CFO, John rose through a variety of positions with increasing responsibility during his 10 years at the company, including senior vice president and corporate controller, and vice president of planning and business analysis.
After playing a senior role in the planning and execution of Lucent’s merger with Alcatel, Kritzmacher became chief operating officer of the Services Business Group at Alcatel-Lucent, a business with approximately $5 billion in annual revenues. While there, he transformed a diverse suite of existing Alcatel and Lucent service functions into a unified global services organization.
Earlier in his career, John advanced rapidly through a series of roles at Lucent’s predecessor, AT&T Network Systems.
John earned a BA degree in mathematics and economics at Dartmouth College, and went on to earn an MBA in accounting at New York University Stern School of Business.
Kritzmacher succeeds Jean Mandeville, who served as chief financial officer of Global Crossing since 2004. Jean announced his intention to leave Global Crossing in May 2008; since then, he has remained with the company to complete a smooth transition. Kritzmacher begins his new role on October 1, 2008, immediately following the September 30, 2008 effective date of Mandeville’s resignation.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world’s first integrated global IP-based network. Its core network connects approximately 400 cities in more than 45 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and six continents around the globe. The company’s global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world’s enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.