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Alcatel CEO to leave after company swings to 2012 loss |
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Yahoo! Computer Security
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02/07/2013 at 02:44:54 |
 PARIS (Reuters) - Alcatel-Lucent announced the departure of its chief executive after the telecom equipment maker swung to a full-year net loss of 1.37 billion euros ($1.85 billion), hit by lower sales in Europe and China, and an impairment charge. CEO Ben Verwaayen will step down once the group has found a successor, the company said in a statement on Thursday. Since arriving in September 2008, Verwaayen has been unable to deliver on his pledge to return the group formed in a merger in 2006 to "normal" with steady cash flow and profit. ...
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