Henry B. Schacht

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Henry B. Schacht, Director, Alcoa, Incorporated.

"Mr. Schacht, 74, was elected to the Board of Directors in 1994. He is Chairman of the Audit Committee and a member of the Executive Committee and the Public Issues Committee. He has been Managing Director and Senior Advisor, Warburg Pincus LLC, a global private equity firm, since 2004. Mr. Schacht served as Chairman (1996 to 1998; and October 2000 to February 2003) and Chief Executive Officer (1996 to 1997; October 2000 to January 2002) of Lucent Technologies Inc. He also previously served as Senior Advisor (1998 to 1999 and 2003) to Lucent. Mr. Schacht was managing director of Warburg Pincus LLC from February 1999 until October 2000. Mr. Schacht was Chairman (1977 to 1995) and Chief Executive Officer (1973 to 1994) of Cummins Inc., a leading manufacturer of diesel engines." [1]

He "returned to Warburg Pincus in 2004. He first joined the firm in early 1995, leaving later that year to become the founding chairman and chief executive officer of Lucent Technologies from 1996 to 1998, chairman/consultant for Lucent in 1999 and returned from 2000 to 2004. Prior to his tenure at Lucent, he served as chairman and CEO of Cummins Engine Company. Mr. Schacht is a director of ALCOA and his former directorships include: Alcatel-Lucent (and Lucent), AT&T, Avaya, CBS, Chase Manhattan, The New York Times and Johnson & Johnson. He is a trustee of the Metropolitan Museum of Art, former chairman of the Board of Trustees of The Ford Foundation and a former trustee of Yale University. He is also a former member of The Business Council and of The Business Roundtable. Mr. Schacht graduated from Yale University and earned an M.B.A. from Harvard Business School." [2]

Resources and articles

Related Sourcewatch articles

References

  1. Henry B. Schacht, Forbes, accessed November 4, 2009.
  2. Henry Schacht, E.M. Warburg Pincus & Co., accessed May 13, 2010.
  3. Directors, Committee to Encourage Corporate Philanthropy, accessed November 4, 2009.