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Alcatel CEO to quit after 1.4 billion euro loss |
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Yahoo! Computer Security
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02/07/2013 at 04:42:25 |
 PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent said its chief executive was leaving after it swung to a net loss of 1.37 billion euros ($1.85 billion) for 2012, hit by lower sales in Europe and China and a writedown of its wireless and optics businesses. CEO Ben Verwaayen said the company needed a new leader to complete its turnaround when his mandate ends in May. "If you look at the task at hand, it is focused on execution," said the Dutch-born executive. ...
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