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Pfizer Finds New CFO

Frank D'Amelio will join the company from Alcatel-Lucent.

Pfizer

(PFE) - Get Free Report

said Wednesday that it has hired Frank D'Amelio as its new chief financial officer, effective in mid-September.

D'Amelio replaces Alan Levin, who

announced his resignation in May.

Since 1979, D'Amelio has worked in the telecommunications field. Most recently, he was senior executive vice president and chief administrative officer at

Alcatel-Lucent

(ALU)

.

He was chief financial officer at Lucent for five years and was briefly chief operating officer before Lucent merged with Alcatel. He started in 1979 at AT&T Bell Labs.

Pfizer is

one of several major drugmakers, including

Merck

(MRK) - Get Free Report

,

Wyeth

(WYE)

and

Amgen

(AMGN) - Get Free Report

, that have announced new CFOs in recent months.

AstraZeneca

(AZN) - Get Free Report

is

searching for a new CFO to replace Jon Symonds, who left in July.