Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  ALCATEL-LUCENT    ALU   FR0000130007

ALCATEL-LUCENT (ALU)

5020
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Alcatel-Lucent Appoints Michel Combes as CEO

02/22/2013 | 03:15am US/Eastern
   By Nadya Masidlover 
 

PARIS--Telecom-equipment maker Alcatel-Lucent (>> Alcatel Lucent SA) said Friday that it has appointed Michel Combes, former head of Vodafone PLC's European operations, as Chief Executive.

In a statement, the company said the appointment will be effective from April 1, adding that Mr. Combes will also join the company's board of directors, subject to the approval of shareholders at the annual general meeting in May.

The move comes after Alcatel-Lucent announced earlier this month that Ben Verwaayen would step down as chief executive, following a tumultuous run of under five years in which the telecom-gear company racked up billions of euros in losses.

On Friday, board Chairman Philippe Camus said in a statement that incoming Mr. Combes "will be responsible for delivering sustainable profitability. His deep knowledge of the industry as well as his experience of major business and financial transformation at a worldwide level will be pivotal in helping the company pursue its aggressive transformation."

Mr. Combes, 51, held the position of Chief Executive Officer of Vodafone Europe and was a board member of Vodafone PLC (>> Vodafone Group plc), Alcatel-Lucent said.

He also held the positions of Chief Financial Officer and Senior Executive Vice President of France Telecom (>> France Telecom SA).

Alcatel-Lucent said directors also approved the appointment of Jean C. Monty--former chairman of the board and Chief Executive Officer of Bell Canada Enterprises--as Vice-Chairman of its board, effective immediately.

Write to Nadya Masidlover at nadya.masidlover@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Alcatel Lucent SA, Vodafone Group plc, France Telecom SA
Latest news on ALCATEL-LUCENT
1d agoDJEUROPE MARKETS : European Stocks Climb For Third Straight Day
1d ago Power of 'France Inc' on display in Sanofi boardroom coup
1d ago CENTURYLINK : taps Alca-Lu for upgrade
1d agoDJEUROPE MARKETS : European Stocks Fall For First Time In Three Days
1d ago CENTURYLINK : selects Alcatel-Lucent for core IP network
1d agoDJEUROPE MARKETS : European Stocks Falls For First Time In Three Days
1d ago ALCATEL LUCENT : Enterprise enhances visitor experience through a new world-clas..
1d agoDJDollar Rises on Upbeat Fed
1d ago ALCATEL LUCENT : MTN Nigeria to Boost Connectivity in Nigeria With Ultra-Broadba..
1d ago ALCATEL LUCENT : -Lucent Reports Q3 2014 Results
Advertisement
Chart
Duration : Period :
ALCATEL-LUCENT Technical Analysis Chart | ALU | FR0000130007 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF