Lake Maxinkuckee Its Intrigue History & Genealogy Culver, Marshall, Indiana

Henry Brewer Schacht  



Henry Schacht is an American businessman, a former chairman and chief executive officer of Cummins Diesel (19731994), and later CEO of Lucent Technologies.


Previously he was on the boards of CBS, Chase Manhattan, and Alcoa.

He assumed the Lucent CEO role in a transitory capacity upon Lucent's spinoff from AT& T Corporation, and served from 1995 to 1997. Mr. Schacht was brought back in 2001 to replace Richard McGinn, who had served as Lucent's CEO during the intervening years.

He is currently the managing director and senior advisor of the private equity firm Warburg Pincus LLC New York.






Henry Schacht, Former Engine Co. Chief, to Head AT&T Spinoff Company.
(Originated from The Indianapolis Star)
1995 Knight-Ridder/Tribune Business News
Oct. 13--Henry B. Schacht surprised friends and co-workers last year when he left the top job at Columbus, Ind.-based Cummins Engine Co. On Thursday, their surprise intensified.

Schacht, who turns 61 next week, got an early birthday present when he was named chairman and chief executive of AT&T Corp.'s new $20 billion communications systems and technology company....

He has been a director of AT&T since 1981...

Despite his retirement from the company, Schacht remained a Cummins director and acted as a cons ultant to the company. Plus, Schacht worked on important matters such as joint ventures and other alliances Cummins wanted to form with other manufacturers...

Schacht will keep his seat on Cummins' board.

Schacht also started work in April as a senior adviser for the financial firm of S.G. Warburg & Co. in New York...






    Military service: US Navy
    
    University: BS, Yale University (1956)
    University: MBA, Harvard Business School (1962)
    Administrator: Trustee, Yale University
          
      Lucent CEO (2002-03) Lucent CEO (1995-97) Cummins CEO (1973-95) Cummins VP Finance (1964-) Member of the Board of Alcoa (1994-) Member of the Board of Alcatel-Lucent (2006-) Member of the Board of Lucent (1996-2006, as Chairman, 1996-98 and 2000-2006) Member of the Board of Warburg Pincus (1999-2006?) Member of the Board of The New York Times Company (1999-2006) Member of the Board of Knoll (1998-?) Member of the Board of Johnson & Johnson (1997-2005) Member of the Board of Chase Manhattan Bank (-2000, for 20 years) Member of the Board of CBS (-1996, for 25 years) Member of the Board of Cummins (1969-95, as Chairman, 1977-95) Member of the Board of AT&T (1981-95) Metropolitan Museum of Art Trustee American Academy of Arts and Sciences Fellow Bill Bradley for President Brookings Institution Honorary Trustee The Business Council Business Roundtable (former) Council on Foreign Relations Ford Foundation Trustee (1986-2000, as Chairman, 1993-2000) Friends of Dick Lugar John Kerry for President Kerry Victory 2004 Rockefeller Foundation Trustee Tau Beta Pi Engineering Honor Society





Lucent CEO To Be Smeal Commencement Speaker
Penn State Smeal College of Buisness
April 2001
UNIVERSITY PARK, PA--Henry Schacht, chairman and chief executive officer of Lucent Technologies, will be the commencement speaker for Penn State's Smeal College of Business...

Schacht returned to Lucent in October 2000, having most recently served as chairman of the Lucent spinoff, Avaya since March. Schacht stepped down as chairman of Lucent Technologies in February 1998 and had served as the company's first chairman and CEO from October 1995 to October 1997, during its launch and first year as an independent company. He also served as a cons ultant to L ucent from February 1998 until February 1999, and has been a Managing Director and Senior Advisor of Warburg Pincus since February 1999.

He began his business career at the American Brake Shoe Company in 1956. Following service in the U.S. Navy and graduate school, he joined the Irwin Management Company, an investment firm in Columbus, Indiana in 1962.

In 1964, Schacht joined Cummins Engine Company, Inc., in Columbus as vice president -- Finance. He moved up the ranks at Cummins, holding key positions in Cummins International and later domestic operations before he assumed duties as president in 1969, when he was elected to the board of directors. In 1973, he became president and chief executive officer, and four years later became chairman and chief executive officer. He retired from Cummins in 1995, and was named chairman and CEO-designate of Lucent Technologies later that year.

Schacht currently serves on the board of directors of Avaya, Johnson & Johnson Corp., the Aluminum Company of America (ALCOA), The New York Times Company and Knoll Inc. He is an honorary trustee of the Brookings Institution and a trustee emeritus of the Culver Educational Foundation. He is a member of The Business Council, the Council on Foreign Relations, the Management Executives' Society, and the U.S.-Japan Business Council. In addition, he is a trustee of the Metropolitan Museum of Art, a Fellow of the Academy of Arts and Sciences, and a member of the American Philosophical Society.

Schacht served on the AT&T board of directors for 15 years until 1995 and on the CBS board of directors for 25 years until 1996. He was a trustee of the Ford Foundation from 1986-2000 serving as its Chairman from 1993-2000 as well as a trustee of the Rockefeller Foundation and the Urban Institute. He also served as a member of the President's Commission for National Agenda for the 80s, and of the Advisory Board - Yale School of Organization and Management. He was a founder of the Health Effects Institute and was a director of Clean Sites, Inc., a board member of the National Executive Service Corps and chairman of The Associates, Harvard Business School and a member of the Business Roundtable.

Schacht graduated from Yale University with a B.S. in 1956 and from Harvard University with an M.B.A. in 1962. In addition, he holds honorary degrees from DePauw University, Trinity College and Yale University. He and his wife, Nancy, reside in New York City.






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