Jean Raby will takeover as CFO as the telecom vendor moves forward with its Shift restructuring plan.

Sarah Thomas, Director, Women in Comms

August 28, 2013

1 Min Read
AlcaLu Appoints Ex-Investment Banker as CFO

As another step its Shift restructuring plan, Alcatel-Lucent has appointed former Goldman Sachs investment banker Jean Raby to be Chief Financial and Legal Officer of the company.

Raby will relocate to Alcatel-Lucent (NYSE: ALU)'s Paris headquarters and assume the CFO role on September 1, replacing current CFO Paul Tufano, who is leaving the company. Raby joins the company after serving as a partner and managing director in Goldman Sachs' investment banking division until late 2012.

Alcatel-Lucent CEO Michel Combes said in a statement that Raby will help the company implement its Shift plan, first announced in June, and "in particular our objectives to reach €1 billion of selective asset sales, €2 billion of debt refinancing, and €2 billion of debt reduction before the end of 2015."

The telecom giant is in the midst of a restructuring plan to focus on growth opportunities, re-evaluate its product portfolio, reduce costs, and shake up its senior management team. A big part of it also requires paying back loans and raising more equity, for which Raby will lead the effort. He is the second outsider the company has hired since announcing the plan. In July it added Philippe Guillemot as Chief Operations Officer. (See Alcatel-Lucent Unveils Shift Plan and Alcatel-Lucent Builds Future Around IP.)

— Sarah Reedy, Senior Editor, Light Reading

About the Author(s)

Sarah Thomas

Director, Women in Comms

Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.

She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.

As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.

Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.

Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.

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