Alcatel-Lucent : Alcatel-Lucent confirms Ben Verwaayen to step down from his CEO position

 Alcatel-Lucent : Alcatel-Lucent confirms Ben Verwaayen to step down from his
                                 CEO position

Paris, February  7,  2013 -  Alcatel-Lucent  (Euronext Paris  and  NYSE:  ALU) 
announced today that CEO, Ben Verwaayen,  has decided not to seek  re-election 
as a director at this year's Annual General Meeting, and will step down as CEO
once a successful transition has been executed.

 

Philippe  Camus,  Chairman  of  the  Alcatel-Lucent  Board,  said  "After  due 
reflection, the Board has accepted Ben's decision to step down as CEO."

 

"Over the last few years, Ben has set a new direction, created one company out
of two, and has recently seen  through the completion of the stabilisation  of 
the company's balance sheet, enabling us to move forward with confidence."

 

He added, "the Board wishes  to record its thanks to  Ben, and will take  full 
advantage of him remaining in the role as CEO whilst the Board runs a full and
independent process to find a successor, looking at both internal and external
candidates.".

 

A search committee, chaired by  Daniel Bernard and comprising Philippe  Camus, 
Louis R.  Hughes, Jean  C. Monty  and Jean-Cyril  Spinetta, will  monitor  the 
process.

 

Ben Verwaayen said, "Alcatel-Lucent has been an enormous part of my life.   It 
was therefore a  difficult decision to  not seek  a further term,  but it  was 
clear to me  that now is  an appropriate moment  for the Board  to seek  fresh 
leadership to take the company forward."

 

"I have therefore informed the Board that  I will not seek re-election at  the 
Annual General Meeting, and  I will work  with them openly  and fully as  they 
complete a succession process."

 

He added "The combination of our recent refinancing and the implementation  of 
our restructuring  plan will  put the  company  on a  secure footing  for  the 
successor the Board will seek to appoint."

 

About Alcatel-Lucent (Euronext Paris and NYSE: ALU)

The long-trusted  partner of  service providers,  enterprises and  governments 
around the  world, Alcatel-Lucent  is  a leading  innovator  in the  field  of 
networking and communications technology,  products and services. The  company 
is  home  to  Bell  Labs,  one  of  the  world's  foremost  research  centers, 
responsible  for   breakthroughs  that   have   shaped  the   networking   and 
communications industry.

 

Alcatel-Lucent  innovations   are   regularly  recognized   by   international 
institutions for their positive impact on society. In 2012 and for the  second 
year running, Alcatel-Lucent  was named  one of  the Thomson  Reuters Top  100 
Global Innovators, recognition  for the  company's continued  addition to  its 
world-class patent  portfolio, one  of the  largest in  the telecom  industry. 
Alcatel-Lucent has also been  recognized for its sustainability  performance.  
In 2012 the company was ranked Technology Supersector Leader by the Dow  Jones 
Sustainability  Index.  Through  its  innovations,  Alcatel-Lucent  is  making 
communications more sustainable,  more affordable  and more  accessible as  we 
pursue our mission of Realizing the Potential of a Connected World.

 

With operations throughout the world,  Alcatel-Lucent is a local partner  with 
global reach. The Company achieved revenues  of Euro 14.4 billion in 2012  and 
is incorporated in France and headquartered in Paris..

 

For more information, visit Alcatel-Lucent on:  http://www.alcatel-lucent.com, 
read     the     latest     posts      on     the     Alcatel-Lucent      blog 
http://www.alcatel-lucent.com/blog  and   follow  the   Company  on   Twitter: 
http://twitter.com/Alcatel_Lucent.

 

Alcatel-Lucent Press Contacts

SIMON                                            POULTER                       
simon.poulter@alcatel-lucent.com              T : +33 (0)1 40 76 50 84

VALERIE                       LA                       GAMBA                   
valerie.la_gamba@alcatel-lucent.com           T : + 33 (0)1 40 76 49 91

                                                      

ALCATEL-LUCENT INVESTOR RELATIONS

FRANK                                            MACCARY                       
frank.maccary@alcatel-lucent.com                T : + 33 (0)1 40 76 12 11

TOM                                             BEVILACQUA                     
thomas.bevilacqua@alcatel-lucent.com          T : + 1 908-582-7998

CORALIE    SPAETER                         coralie.spaeter@alcatel-lucent.com  
             T : +33 (0)1 40 76 49 08

 

 

Ben Verwaayen

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Source: Alcatel-Lucent via Thomson Reuters ONE
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