Michel Combes to step down as CEO

Combes departure will be effective September 1
Michel Combes, CEO, Alcatel-Lucent.
Michel Combes, CEO, Alcatel-Lucent.

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Michel Combes will step down as CEO, as was indicated at the time of the announcement of the proposed merger with Nokia on April 15. His departure from the group will be effective September 1.

In April, Nokia presented its plans to acquire rival telecoms vendor Alcatel-Lucent in a deal worth $16.6 billion. The proposed transaction is expected to close in the first half of 2016 and has been approved by both boards of directors.

The board of directors of Alcatel-Lucent also announced the governance structure to lead the group as it prepares for the proposed combination with Nokia.

Effective September 1, 2015, and for the duration of the transition period, Philippe Camus, currently chairman of the board of directors, will become chairman and interim ceo. Jean-Cyril Spinetta is appointed lead director of the board. Philippe Guillemot, chief operating officer, will be in charge of leading the operational management of the group. Jean Raby, chief finance and legal officer, will be responsible for completing the proposed transaction with Nokia. Philippe Guillemot and Basil Alwan, president of the IP routing and transport business line, will jointly lead the integration team.

The leadership team will be responsible for completing Alcatel-Lucent’s 2015 targets under the shift plan and closing the proposed transaction with Nokia and preparing for the companies’ integration.

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