H. Eugene (Gene) Lockhart, formerly of AT&T, is to join a private company sponsored by, among others, DLJ Merchant Banking Partners. Lockhart has been named Chief Executive Officer of this internet-centric business-to-consumer company. In addition to DLJ Merchant Banking Partners, backers for the company include other financial investors and a strategic corporate investor.
Lockhart, 50, most recently was President of AT&T’s $22 billion Consumer Services unit, which provides long distance, local and internet access services to about 65 million customers. AT&T Consumer Services achieved record growth of 19% in net income under his leadership in 1999. Prior to joining AT&T, Lockhart was President of BankAmerica Corporations’ Global Retail Bank. Before joining BankAmerica, he was President and CEO of MasterCard International.
Lockhart is on the Board of Directors of Nabisco Group Holdings, the First Republic Bank, IMS Health, Inc. and the Royal Academy of Art in London. He is also a Trustee of the Alumni Board of the University of Virginia, where he received both his M.B.A. and undergraduate degrees.Details