Management Turnover as Change Agent

Friday, September 19, 2008

Update to New CEO and Chairman for Alcatel-Lucent

Alcatel-Lucent ALU (NYSE) which recently hired a new CEO and chairman, Ben Verwaayen and Philippe Camus respectively (see earlier blog), have begun to make management related changes.  Supervisory directors Ed Hagenlocker and Jean-Pierre Halbron have resigned.  Hagenlocker's resignation is effective immediately and Halbron's resignation will be official shortly.  These changes are only the beginning.  Expect far more as the two top executives begin to get their feet wet and re-examine how to make the firm more effective both business-wise and culturally.

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