Alcatel-Lucent announces senior management changes and the establishment of a 7-person management committee
Hubert de Pesquidoux named CFO
Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that Hubert de Pesquidoux has been named Chief Financial Officer, replacing Jean-Pascal Beaufret, who is leaving the company to pursue other opportunities. Hubert de Pesquidoux currently leads the Enterprise Group of Alcatel-Lucent.
In addition, the company said as part of its plan to improve profitability it has streamlined its regional structure and CEO Patricia Russo has established a seven-member management committee reporting directly to her to lead the overall operation of the company, creating a more focused and efficient operating model.
“I want to thank Jean-Pascal for his considerable contributions to this company. He has been a valuable member of the team. His experience and dedication to this new company have helped us through the difficult, early stages of this complex merger while dealing with a challenging market,” Patricia Russo said. “Prior to the merger, Jean-Pascal served as CFO of Alcatel during much of this turbulent decade in the industry, ably helping to guide it while astutely managing the assets and resources of the company and was instrumental in the financial turnaround of Alcatel. I wish him success in the next phase of his career.”
Jean-Pascal Beaufret will stay with the company for a period of time to ensure a smooth transition.
“I am looking forward to working with his successor, Hubert, who has been a key contributor to the success of our Enterprise business,” Patricia Russo said. “Hubert has a great deal of experience in both operational and financial roles throughout his career.”
Prior to his position as head of the company’s Enterprise activities, Hubert de Pesquidoux held several finance positions. He was Chief Financial Officer of Alcatel North America, Corporate Treasurer of Alcatel for four years and spent four years in investment banking, including two years in New York City. He also has led Alcatel’s North America operations and was a member of the Alcatel Executive Committee. He joined Alcatel in 1991. Hubert de Pesquidoux’s replacement for his current position will be named at a later date.
Simplifying Management of Regional Structure:
To streamline the company’s regional operations two regional structures will be created, one for the Americas and one that includes Asia Pacific, Europe, Africa and the Middle East. Frederic Rose, who currently heads the Asia-Pacific Region, will assume additional responsibilities for the company’s current Europe & North and Europe & South regions. Cindy Christy, will lead the Americas Region. Frederic Rose and Cindy Christy will continue to report directly to Patricia Russo.
Olivier Picard, head of the Europe and South region will continue to oversee the Europe and South region, reporting to and serving as deputy to Frederic Rose. Christian Reinaudo, head of the Europe and North region, will be leaving the company to pursue other opportunities.
“I would like to thank Christian for his outstanding contribution during the more than 29 years he has been with this company,” Patricia Russo said. “He has held many leadership positions within the company and was a key driver for our optical business, having served as president of Alcatel’s optical activities and its submarine unit. He laid the foundation for the growing success of our Asia-Pacific Region and has been a critical player in this first stage of our integration efforts. I wish him even more success in the future.”
Establishes New Management Committee:
The role of this committee encompasses the company’s strategy, organization, corporate policy matters, long term financial planning and human resources strategy. It is charged with assuring the execution of the company’s plans and business performance.
The management committee will comprise seven business leaders: Cindy Christy, Americas Region; Etienne Fouques, who oversees Research, CTO, Strategy and Corporate Marketing; John Meyer, head of Services; Claire Pedini, head of Corporate Human Resources and Communications; Hubert de Pesquidoux, CFO; Michel Rahier, who leads the Carrier Business Group; and Frederic Rose, Europe, Middle East, Africa and Asia Pacific. Janet Davidson, Chief Compliance Officer and head of the Integration and IT, will serve as secretary for the committee.
“This streamlined management structure enables a more efficient, more focused company with clear lines of accountability,” Patricia Russo said. “I selected every member of this team, not only because of his or her area of responsibility, but because they each bring a great deal of experience in this complex and often difficult industry and have successfully tackled a range of challenges throughout their careers. I look forward to their counsel and guidance as we navigate through this next phase of our merger, taking on the challenges and seizing on the opportunities ahead.”
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