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January 23, 1996
BELL ATLANTIC NAMES COMPAQ'S PFEIFFER TO THE
Philadelphia -- Bell Atlantic Corporation (NYSE: BEL) today
the appointment of Eckhard Pfeiffer to its board of directors.
Pfeiffer, 54, is president and chief executive officer of
Houston-based Compaq Computer Corporation (NYSE: CPQ), the world's
largest supplier of desktop and portable personal computers (PCs) as
well as high-performance network servers.
Since assuming overall responsibility for directing Compaq's corporate
strategies and worldwide operations in 1991, Pfeiffer has led the
company from fifth to first in worldwide PC market share and from
annual sales of $3 billion to more than $14 billion, based on Compaq's
third-quarter, 1995, annualized run rate.
"Eckhard Pfeiffer is a leading figure in an industry increasingly
important to our business," said Bell Atlantic Chairman and Chief
Executive Officer Raymond W. Smith. "His arrival is timely, his
will be invaluable, and his experience will be a great asset to our
Before becoming Compaq's CEO, Pfeiffer was executive vice president
and chief operating officer, responsible for worldwide sales,
marketing and manufacturing. Before that, he was president, Compaq
Europe and International. He joined Compaq in 1983 as vice president,
Europe after a 20-year career with Texas Instruments, ultimately
serving as vice president of corporate marketing. Pfeiffer
established wholly-owned Compaq subsidiaries throughout Europe, Asia,
Australia and Latin America. Under his leadership, international
operations grew to 54 percent of the company's overall revenues by
Pfeiffer is a member of the executive board of Southern Methodist
University's Cox School of Business and of the BMW Group Council, an
advisory board to BMW (U.S.) Holding Corporation. In addition,
Pfeiffer is a member of the Computer Systems Policy Project, an
advisory group on technology and economic policy comprising chief
executives of the top U.S. computer companies.
Pfeiffer holds an MBA degree from Southern Methodist University in
Bell Atlantic Corporation (NYSE: BEL) is at the forefront of the new
communications, entertainment and information industry. In the
mid-Atlantic region, the company is the premier provider of local
telecommunications and advanced services. Globally, it is one of the
largest investors in the high-growth wireless communication
marketplace. Bell Atlantic also owns a substantial interest in
Telecom Corporation of New Zealand and is actively developing
high-growth national and international business opportunities in all
phases of the industry.
Compaq Computer Corporation (NYSE: CPQ) is the world's leading
supplier of personal computers, offering desktop PCs, portable PCs,
servers and options. Founded in 1982, the company reported 1994
worldwide sales of $10.9 billion. Compaq products are sold and
supported in more than 100 countries throughout the world.
for more information, contact:
- David Stakun, Bell Atlantic, 215-963-6639
Nora Hahn, Compaq, 713-514-8316