Changes at the top for Alcatel-Lucent

Oct. 31, 2007
OCTOBER 31, 2007 -- Alcatel-Lucent has replaced its CFO, "streamlined its regional structure," and created a seven-member management committee.

OCTOBER 31, 2007 -- Alcatel-Lucent (search for Alcatel-Lucent) has replaced its CFO, "streamlined its regional structure," and created a seven-member management committee. The committee will report to CEP Patricia Russo, "to lead the overall operation of the company, creating a more focused and efficient operating model," in the words of a company press release.

Hubert de Pesquidoux has been named chief financial officer, replacing Jean-Pascal Beaufret, who is said to be leaving the company to pursue other opportunities. de Pesquidoux currently leads the Enterprise Group of Alcatel-Lucent.

"I want to thank Jean-Pascal for his considerable contributions to this company. He has been a valuable member of the team. His experience and dedication to this new company have helped us through the difficult, early stages of this complex merger while dealing with a challenging market," Russo said.

Beaufret will stay with the company for a period of time to ensure a smooth transition.

To streamline the company's regional operations two regional structures will be created, one for the Americas and one that includes Asia Pacific, Europe, Africa and the Middle East. Frederic Rose, who currently heads the Asia-Pacific Region, will assume additional responsibilities for the company's current Europe and North and Europe and South regions. Cindy Christy will lead the Americas Region. Rose and Christy will continue to report directly to Russo.

Olivier Picard, head of the Europe and South region will continue to oversee that region, reporting to and serving as deputy to Rose. Christian Reinaudo, head of the Europe and North region, will leave the company.

Meanwhile, the new management committee will tackle the company's strategy, organization, corporate policy matters, long-term financial planning, and human resources strategy. It is charged with assuring the execution of the company's plans and business performance.

The management committee will include Christy; Etienne Fouques, who oversees Research, CTO, Strategy and Corporate Marketing; John Meyer, head of Services; Claire Pedini, head of Corporate Human Resources and Communications; de Pesquidoux; Michel Rahier, who leads the Carrier Business Group; and Rose. Janet Davidson, Chief Compliance Officer and head of the Integration and IT, will serve as secretary for the committee.

"This streamlined management structure enables a more efficient, more focused company with clear lines of accountability," Russo said. "I selected every member of this team, not only because of his or her area of responsibility, but because they each bring a great deal of experience in this complex and often difficult industry and have successfully tackled a range of challenges throughout their careers. I look forward to their counsel and guidance as we navigate through this next phase of our merger, taking on the challenges and seizing on the opportunities ahead."

Separately, the company also announced it would reduce its workforce by an additional 4,000 by 2009.

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