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News | 02/18/2003 5:00 am EST

Carol Stephenson has resigned as president of Lucent Technologies Canada. She had held the position since July 1999. Stephenson will be replaced by Alex Giosa. Two years ago, the Canadian arm of Lucent Technologies Inc. emerged unscathed from the parent company’s significant restructuring south of the border. In January 2001, Stephenson told Report on Wireless that the company was ready to capitalize on a strong 2000 (RoW, Jan. 8/01). The reasons surrounding her departure are still unknown, but a prolonged slump in the telecom equipment sector couldn’t have made the situation any easier.

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