Ex-BT boss off to Alcatel-Lucent
Turnaround kid
Ben Verwaayen, who spent six years as CEO of BT, is joining Alcatel-Lucent as chief executive.
Verwaayen will work with Philippe Camus, who starts as Chairman on 1 October. He was credited with helping BT's apparent turnaround, moving from a voice to broadband provider and cutting jobs in the process.
Alcatel-Lucent's previous CEO Patricia Russo and chairman Serge Tchuruk announced their departure in July, after reporting a €1.1bn loss for the second quarter. The company has struggled since its merger in 2006. In many ways the company looks like BT did in 2002 - in need of urgent help.
The Dutch man spent six years at BT and previously worked for Lucent Technologies in the US, KPN in the Netherlands and ITT. He will work from Alcatel-Lucent's Paris office. The official release is here. ®
COMMENTS
@ Alex
you're a little late. I think she of the immovable hair already had the job of can carrier. "Announce disastrous profits, fire a bunch, repeat, rince ... OK, off you, here's a big wad of cash".
Doesn't mean the future will be any better of course.
Paris cos she likes to blow her job too.
Recall, if you will...
...that Alcatel-Lucent are the company behind Project Rialto/Kindsight, a phormette. Isn't it amazing where these BT bods keep ending up?
Things started going downhill at Lucent...
When they sold one of the golf courses and two of the Learjets.
Yet another management change, I have an inbox rule to move them straight to the trash.
They should have gone the whole nine yards and hired Carli Fiorina.
At the time time of the merger I heard someody describe is as "like two garbage trucks crashing head on".
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