Michel Combes is set to take over the reins of Alcatel-Lucent on April 1, after spending the previous four years heading up Vodafone’s most important region.
After four years heading up the Franco-American giant, Verwaayen is resigning, but he will stay on board while Alcatel-Lucent finds his replacement.
Faced with increasing pressure from its telecom vendor rivals as well as the poor economy, Alcatel-Lucent is cutting its workforce by 7 percent. In order to generate revenue, the vendor is looking toward its vast patent pool, setting up a new intellectual property management division.
The big noise in European startup events this week is all about LeWeb, the leading French conference set up by Loic Le Meur that’s holding its first spin-off in London. But that’s not the only thing happening across the continent over the next seven days.
Alcatel-Lucent (s ALU) CEO Ben Verwaayen gave a keynote speech this morning at the EmTech conference, running today and tomorrow at MIT. He spoke of tech innovations and — perhaps most importantly — the need to turn them into sustainable, profitable businesses. During the question-and-answer session, which always manages to be more interesting than the actual talk, Verwaayen shared his three requirements for a product to be successful:
Read More about 3 Qualities That Add Up to a Successful Product
Verwaayen is going to be replace Pat Russo and will be based in Paris.
In 2006 I had traveled to London to meet British Telecom (BT) CEO Ben Verwaayen and his team, hoping to get a first hand look at how Verwaayen and his team were trying to overhaul the company well known for its iconic phone booths.
They had put in place a strategy to diversify into IP services, build a brand-new 21st CN (UK broadband network) and, to cap it all, plans to become the carrier of choice for large multinationals. It ended up as a long feature in the August 2006 issue of Business 2.0.
The 56-year-old former Lucent executive Verwaayen resigned earlier this week after six years at the head of BT. He is being replaced by 43-year-old Ian Livingston, who until recently ran BT Retail and was seen as the maverick to make BT Retail a force to reckon with. Read More about Broken Promises Behind BT CEO Exit
-British telco BT’s (NYSE: BT) CEO Ben Verwaayen will step down after six years on June 1, to be replaced by Ian Livingston, CEO of the BT R…
– BT: BT (NYSE: BT) CEO Ben Verwaayen will step down after six years on June 1, to be replaced by Ian Livingston, CEO of the BT Retail divis…