x
Optical/IP

Plot Thickens at AlcaLu

1:05 PM -- News that Frédéric Rose, Alcatel-Lucent (NYSE: ALU)'s head of Africa, Asia/Pacific, and Europe, is leaving to run fellow French vendor Thomson S.A. (NYSE: TMS; Euronext Paris: 18453) has reignited debate about the succession contest at AlcaLu. (See Thomson Nabs AlcaLu Exec for CEO Role and Is AlcaLu Seeking a New CEO?)

One industry source suggests to Light Reading that Rose was the main internal candidate to replace Pat Russo as CEO of AlcaLu, with former BT Group plc (NYSE: BT; London: BTA) CEO Ben Verwaayen as the leading external candidate. (See AlcaLu Investors Vote for Change and Verwaayen Set to Leave BT.)

The speculation surrounding Russo's future is almost certain to mount again as AlcaLu moves closer to its second quarter earnings announcement next Tuesday, July 29.

Alcatel-Lucent's share price currently stands at €3.91, up by 1 percent today but down by 22 percent this year and down by 61 percent from this time a year ago.

— Ray Le Maistre, International News Editor, Light Reading

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE