Troubled Franco-American telecom Alcatel-Lucent has tapped two new top executives in a bid to turn its fortunes around, according to reports out Monday.
Philippe Camus, a former aerospace executive at EADS, will serve as the new chairman, while Ben Verwaayen, former head of BT Group PLC, will be chief executive. The Wall Street Journal said the announcement could be made as early as Tuesday morning. Alcatel-Lucent had no comment, according to the Journal.
It came as no surprise in July when Alcatel-Lucent announced that CEO Patricia Russo and Chairman Chairman Serge Tchuruk would depart later this year. Since former rivals Alcatel and Lucent … Read more