Alcatel-Lucent appoints Michel Combes as CEO

Struggling vendor hires former Vodafone CEO to reverse its fortunes
Michel Combes has been named as the new CEO of Alcatel_Lucent.
Michel Combes has been named as the new CEO of Alcatel_Lucent.

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Alcatel-Lucent’s has appointed former Vodafone chief, Michel Combes, as its new CEO, effective April 1.

Combes's appointment follows the surprise resignation of Ben Verwaayen earlier in the month.

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 has more than 20 years of experience in the telecoms industry globally. 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 VP of France Telecom.

Philippe Camus, chairman of the board, Alcatel-Lucent, 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.”

Combes said : “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. 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 of directors also approved the appointment of Jean C. Monty as vice-chairman of the board.

Jean C. Monty, 64 is a Canadian national. He began his career at Bell Canada in 1974 and held 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 CEO in March 1993. In April 2002, Monty, then chairman of the board and CEO of Bell Canada Enterprises, retired after a 28-year career.
 

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