abstract:Henry Schacht (born 1933/'34) is an American businessman, a former chairman and chief executive officer of Cummins Diesel (1973–1994), and later CEO of Lucent Technologies. He assumed the latter role in a transitory capacity upon Lucent's spinoff from AT&T Corporation, and served from 1995 to 1997.
In a statement, Lucent Chairman and Chief Executive HenrySchacht blamed the loss on softening sales to local exchange carriers and service providers as well as lower software sales.