Alcatel-Lucent realigns wireline and wireless units' leadership
Alcatel-Lucent (NYSE: ALU) on Friday named Federico Guillén as the new president of the wireline division, taking over the role from Dave Geary, who will become president of the vendor's wireless division.
Both of these appointments will be effective Jan. 1, 2013.
Geary is taking over the wireless reins from Wim Sweldens, who is leaving the company for undisclosed reasons.
Before assuming his new role as the head of the vendor's wireline division, Guillén had served as the president of Alcatel-Lucent Spain and global account manager for Telefonica.
Under Guillén's leadership, the vendor won a large contract with Telefonica (NYSE: TEF) to upgrade the telco's network management systems, for example.
Some of the growth segments that Guillén will drive on the wireline side will be its growing base of optical customers using 100G technology in addition to driving sales of its last mile PON and VDSL2 systems.
This latest management shuffle is part of a broader €1.25 billion ($1.58 million) restructuring program that includes asset sales and 5,500 job cuts.
In Q3 2012, the Franco-American vendor reported a net loss of €146 million ($185.6 million) for the third quarter, its second straight quarterly net loss, and revenues of €3.6 billion ($4.6 bilIion), a 2.8 percent drop from the same quarter last year.
- see the release
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