Alcatel-Lucent CEO Michel Combes to step down on Sept 1

Alcatel-Lucent CEO Michel Combes will step down on September 1, 2015.

The decision of Michel Combes to resign from the board and appoint an interim CEO follows Nokia’s proposal to buy Alcatel-Lucent. The telecom networking company announced the plan of Michel Combes to leave Alcatel-Lucent earlier. But this is for the first time that Alcatel-Lucent announcing the date of his resignation.

During the transition period, Philippe Camus, currently chairman of the Board of Directors, will be the chairman and interim CEO of Alcatel-Lucent effective September 1, 2015.

Philippe Guillemot, chief operating officer of Alcatel-Lucent, will lead the operational management of the group. Jean Raby, chief finance and legal officer of the company, will be responsible for completing the proposed transaction with Nokia.
Alcatel-Lucent CEO Michel Combes
Philippe Guillemot and Basil Alwan, president of the IP Routing & Transport business line, will jointly lead the integration team.

Since Michel Combes will step down as CEO, the leadership team will be responsible for completing Alcatel-Lucent’s 2015 targets under the Shift Plan and closing the proposed transaction with Nokia and preparing for the companies’ integration.

“Alcatel-Lucent has already delivered on major steps of The Shift Plan, focusing itself around growth in next-generation and reviving the confidence of its stakeholders. Michel can be credited with renewing a company which is now ready to reap the fruits of these efforts, and commence a new chapter in its history,” said Philippe Camus.

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