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[February 25, 2013]
France,United Kingdom : ALCATEL-LUCENT plans to return to sustained profitability via EX-CEO of VODAFONE EUROPE [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) The previous CEO of Vodafone Europe Michel Combes is ready to assume the command of the struggling French-American group Alcatel-Lucent on April 1, 2013, in order to revive the fortunes of the loss-making telecom equipment maker.
The network infrastructure provider - Alcatel-Lucent has announced that it has signed Michel Combes as its new Chief Executive Officer, who will join the company s Board of Directors, once the move gets nods from the firm s investors.
Apart from the CEO of Vodafone Europe and member of the firm s board, Combes has also worked as the Chairman and CEO of French entity TDF, over and above the CFO and Senior Executive VP of France Telecom.
As chief executive he will be responsible for delivering sustainable profitability, stated the Board Chairman of Alcatel-Lucent - Philippe Camus.
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, while meeting customer needs with disruptive innovation.
The newly appointed company s chief has also expressed his gratitude to the Ex-CEO Ben Verwaayen for his long service and added that he will join forces with the predecessor over the coming couple of weeks in order to ascertain an unproblematic transition.
Combes opined, This is a company I know well and I look forward to succeeding Ben, working with the key international customers, and driving the business into sustained profitability for its customers, employees and shareholders.
The selection of Jean C. Monty as the Vice-Chairman of the Alcatel-Lucent Board has also been granted by the company s Board of Directors.
Monty first joined job in 1974 with Bell Canada, and he had served the Bell Canada Group in quite a few capacities. He has also been President, COO and CEO at Nortel Networks.
We are fortunate to have such an experienced colleague to support Michel Combes in his new role, noted Camus. I m looking forward to working more closely with Jean and I m convinced Alcatel-Lucent will benefit from his incredible knowledge of our business.
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