Alcatel-Lucent appoints new CEO
Michel Combes to succeed Ben Verwaayen on 1 April
Alcatel-Lucent's board of directors has today approved the appointment of Michel Combes as the company's new chief executive officer, effective April 1, 2013.
Combes will also join the company's board of directors, subject to the approval of shareholders at the Alcatel-Lucent annual general meeting on May 7, 2013.
Combes, 51, has more than 20 years of experience in the global telecommunications industry. He was CEO of Vodafone Europe and a board member of Vodafone PLC. During his career, he has held the positions of chairman and CEO of TDF as well as chief financial officer and senior executive vice president of France Telecom.
Philippe Camus, chairman of the board said: "It is a great pleasure for us to welcome Michel Combes to Alcatel-Lucent. As chief executive he 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, while meeting customer needs with disruptive innovation. I would like to warmly thank Ben Verwaayen for his years of service for the company and wish him all the best for his future endeavors. Ben and Michel will work closely together over the next few weeks to ensure a smooth transition."
"Alcatel-Lucent is an unrivalled technology leader in the telecommunications industry with an immense array of talent and capabilities in R&D facing major challenges," said Combes.
"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."
Effective immediately, Alcatel-Lucent's board also approved the appointment of Jean C Monty as vice-chairman of the board. Monty, 64, is a Canadian national and began his career at Bell Canada in 1974, holding numerous positions in the BCE (Bell Canada Enterprises) group. He joined Nortel Networks Corporation in October 1992 as president and chief operating officer before being nominated president and chief executive officer in March 1993. On April 24, 2002, Monty, then chairman of the board and chief executive officer of Bell Canada Enterprises, retired after a 28-year career.
"We are fortunate to have such an experienced colleague to support Michel Combes in his new role," said 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."