Alcatel-Lucent : Alcatel-Lucent confirms Ben Verwaayen to step down from his
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
A search committee, chaired by Daniel Bernard and comprising Philippe Camus,
Louis R. Hughes, Jean C. Monty and Jean-Cyril Spinetta, will monitor the
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
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,
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