A new leadership structure has been implemented at Alcatel-Lucent ahead of the firm’s merger with Nokia and the departure of CEO Michel Combes (pictured).
Effective September 1, 2015, and for the duration of the merger period, Philippe Camus, currently chairperson of the Board of Directors, will become chair and Interim CEO. Jean-Cyril Spinetta is appointed Lead Director of the Board. Philippe Guillemot, Chief Operating Officer, will be in charge of leading the operational management of the group.
The new 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.
Commenting on the Board’s decision, Philippe Camus said: “In order to achieve the objectives of this transition period and ensure the successful integration with Nokia, I will be supported for operational responsibilities by Philippe Guillemot who, in addition to leading execution of The Shift Plan, will also be in charge of the Executive Committee and will co-lead the integration process with Basil Alwan. Jean Raby will ensure the closure of the intended transaction in the best interests of the Alcatel-Lucent shareholders.”
The appointments in full:
- Philippe Camus, currently Chairman of the Board of Directors, will become Chairman and Interim CEO.
- Jean-Cyril Spinetta is appointed Lead Director of the Board.
- Philippe Guillemot, Chief Operating Officer, will be in charge of leading the operational management of the group.
- Jean Raby, Chief Finance and Legal Officer, will be responsible for completing the proposed transaction with Nokia.
- Philippe Guillemot and Basil Alwan, President of the IP Routing & Transport business line, will jointly lead the integration team.
- Michel Combes, whose intended departure from the Group was indicated at the time of the announcement of the proposed merger with Nokia on April 15, will step down as CEO on September 1.
The news comes after positive Q2 financial results.