Lucent Hires Former Hewlett-Packard CEO

John Young, a former president and CEO of Hewlett-Packard Co., has been named chairman of the newly spun-off microelectronics unit at Lucent Technologies Inc. in Murray Hill, N.J.

Young, 68, led HP from 1978 to 1992 and has served on Lucent's board of directors since 1996.

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