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Paris, February 7, 2013 - Alcatel-Lucent (Euronext Paris and NYSE:
ALU) announced today that CEO, Ben Verwaayen, has decided not to seek
re-election as a director at this year’s Annual General Meeting, and will step
down as CEO once a successful transition has been executed.
Philippe Camus, Chairman of the Alcatel-Lucent Board, said “After due
reflection, the Board has accepted Ben’s decision to step down as CEO.”
“Over the last few years, Ben has set a new direction, created one company
out of two, and has recently seen through the completion of the stabilisation
of the company’s balance sheet, enabling us to move forward with
confidence.”
He added, “the Board wishes to record its thanks to Ben, and will take full
advantage of him remaining in the role as CEO whilst the Board runs a full and
independent process to find a successor, looking at both internal and external
candidates.”.
A search committee, chaired by Daniel Bernard and comprising Philippe Camus,
Louis R. Hughes, Jean C. Monty and Jean-Cyril Spinetta, will monitor the
process.
Ben Verwaayen said, “Alcatel-Lucent has been an enormous part of my
life. It was therefore a difficult decision to not seek a further term,
but it was clear to me that now is an appropriate moment for the Board to seek
fresh leadership to take the company forward.”
“I have therefore informed the Board that I will not seek re-election at the
Annual General Meeting, and I will work with them openly and fully as they
complete a succession process.”
He added “The combination of our recent refinancing and the implementation
of our restructuring plan will put the company on a secure footing for the
successor the Board will seek to appoint.”
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