Ben Verwaayen

Latest Headlines

Latest Headlines

Alcatel-Lucent CEO: 'We need to generate cash,' turnaround plan to be announced June 19

Alcatel-Lucent CEO Michel Combes is a week away from announcing his new plans to turn around the struggling vendor as he seeks to put his own stamp on the company in the wake of former CEO Ben Verwaayen.

New Alca-Lu CEO to accelerate cuts and asset sales

Alcatel-Lucent's new CEO Michel Combes is expected to accelerate the company's €1.25 billion cost-cutting plan, which includes 5,500 job cuts, a labour union source told  Reuters.

Alcatel-Lucent names former Vodafone Europe chief Michel Combes as CEO

Alcatel-Lucent named Michel Combes, a former CEO of Vodafone Europe, as its new CEO, charging him with returning the company to consistent profitability after the tumultuous tenure of Ben Verwaayen, who announced earlier this month he would step down.

Alcatel-Lucent names ex-Vodafone exec Michel Combes as new CEO

Alcatel-Lucent on Friday named Michel Combes as the company's new CEO, taking the reins from Ben Verwaayen, who announced earlier this month that he would step down amidst ongoing financial struggles.  He will begin on April 1.

Alcatel-Lucent appoints new CEO, as French government reportedly eyes minority investment

Alcatel-Lucent named Michel Combes as its new CEO. The Frenchman, best known for navigating Vodafone's European operations through the financial crisis, will take over the CEO role starting April 1, and will replace Ben Verwaayen, who announced earlier this month he would step down.

Report: Alcatel-Lucent board struggles to find CEO to replace Verwaayen

The resignation of Alcatel-Lucent's CEO Ben Verwaayen has heightened the urgency to find a successor. According to a Bloomberg report, which cited unnamed sources, Alcatel-Lucent board members have not attracted much interest in the position after discretely contacting potential candidates over the past six months.

Alcatel-Lucent CEO Verwaayen to step down amid turnaround struggles

Alcatel-Lucent CEO Ben Verwaayen will step down from the struggling network equipment vendor. The news essentially puts a period on Verwaayen's attempts to turn around Alcatel-Lucent in the highly competitive network infrastructure market.

Alcatel-Lucent's Verwaayen steps down as its turnaround battle continues

Alcatel-Lucent CEO Ben Verwaayen, who came to the struggling vendor in 2008 with the goal of turning around its financial fortunes, announced on Thursday he is stepping down.

Alcatel-Lucent granted lifeline with €1.6B loan from banks

Alcatel-Lucent secured €1.6 billion in loan financing that it hopes will provide it with enough time to cut costs and get its balance sheet under control.

Alcatel-Lucent scores $2.1B loan to bolster finances

After weeks of speculation about how it would bolster its finances, Alcatel-Lucent said it is receiving a $2.1 billion loan from investment banks as the vendor looks to sell assets and cut costs.