Alcatel-Lucent has appointed Phillipe Camus, currently chairman of the board of directors as chairman and interm CEO effective September 1, 2015 to prepare for the proposed transaction with Nokia.
For the transition period, Philippe Camus will be supported by Philippe Guillemot, Jean Raby and Basil Alwan for overseeing transition and completion of The Shift Plan.
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, IP Routing & Transport will jointly lead the integration team.
Michel Combes will step down as CEO, as was indicated at the time of the announcement of the proposed merger with Nokia on April 15. His departure from the group will be effective September 1.
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.
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.”
“Alcatel-Lucent has already delivered on major steps of The Shift Plan, successfully 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,” added Phillipe Camus.