Monday, 24 September 2018

Verwaayen steps down as Alcatel-Lucent losses widen

By Mary Lennighan, Total Telecom
Thursday 07 February 13

Equipment maker posts €1.37 billion net loss in Q4; sales in Europe, China continue to be slow.

Alcatel-Lucent on Thursday announced it has accepted the resignation of chief executive Ben Verwaayen and has begun the process of searching for a replacement. The news came as the Franco-U.S. equipment maker reported fourth-quarter and full-year 2012 results that showed it has exceeded cost-savings targets, but experienced a decline in revenues and wider losses than in the year-ago periods. Verwaayen said the decision not to seek a further term as CEO was a difficult one…

Alcatel-Lucent on Thursday announced it has accepted the resignation of chief executive Ben Verwaayen and has begun the process of searching for a replacement. The news came as the Franco-U.S. equipment maker reported fourth-quarter and full-year 2012 results that showed it has exceeded cost-savings targets, but experienced a decline in revenues and wider losses than in the year-ago periods. Verwaayen said the decision not to seek a further term as CEO was a difficult one…

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