Investors pressuring Alcatel to replace CEO

Reuters

Investors are losing patience with Alcatel-Lucent (Paris, France) Chief Executive Ben Verwaayen's performance and are pressing the ailing telecoms equipment maker to replace him, the Wall Street Journal reported on Friday.

Citing unnamed sources familiar with the matter, the newspaper said Alcatel-Lucent officials had informally approached potential outside successors to Verwaayen, though "no official outreach" had taken place.

A spokeswoman for Alcatel-Lucent read out a statement by company chairman Philippe Camus: "Ben Verwaayen is an extremely effective CEO. In spite of challenging external economic conditions, he is continuing to deliver on the Alcatel-Lucent transformation.

"The board, myself and Ben are focused entirely on that task alone."

Earlier this month, Alcatel-Lucent scaled back its profitability goal for the year, raising new doubts about the 59-year-old Verwaayen's ability to turn around the long-struggling telecom equipment maker.

Verwaayen was criticized by fellow directors when he presented the company's third-quarter results, according to the WSJ. However, after the CEO challenged the board on their support, all directors expressed their backing for him, it added.


Related Articles

Alcatel-Lucent combines telecom network and cloud

Alcatel-Lucent cuts profit goal, raises doubts

ArticleTools

Related Tags

Featured Reports

Content Delivery Networks (CDN) 2015
Content Delivery Networks (CDN) represent large distributed system of servers deployed in multiple data centers across the Internet. CDNs provide solutions for efficiently and effectively managing content of all types. Solutions include core services such as aggregation, management, and distribution of content as well as a variety of value-added functionality.

 

Cable Carrier Wi-Fi: MSO Take MNO Market Share
How does a cable provider gain a bigger piece of the telecom market pie chart? With a clever Wi-Fi strategy, cable providers are in a unique position to dominate the residential and business telecommunications markets. This is the portent of things to come in the very near future: an MSO as MNO play.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

Featured Events & Partners

GEN 15
Nov. 16-19, 2015

Omni Hotel, Dallas, Texas

The global gathering of networking professionals enabling the future of agile, assured and orchestrated services powered by CE 2.0, LSO (Lifecycle Service Orchestration), SDN and NFV.

Visit event website...