Alcatel-Lucent names Goldman Sachs alum Raby as new CFO

Michel Combes, Alcatel-Lucent's (NYSE: ALU) new CEO, has made his latest mark on the company by naming Jean Raby as the vendor's new chief financial and legal officer.

Jean Raby

Raby (Source: Ideas for Quebec Forum)

Set to begin on Sept. 1, Raby, a native of Canada, will relocate to Alcatel-Lucent's headquarters in Paris.

Before coming to Alcatel-Lucent, Raby was a partner and managing director in the Investment Banking Division at Goldman Sachs until the end of last year. During his tenure with the financial company, he built relationships and provided strategic and corporate finance advice to clients across multiple industry sectors, including in telecom and information technologies. 

Raby is just one of two key appointments Combes has made since taking over the reins of the provider. In June, the company named Philippe Guillemot as chief operations officer.

These new appointments come as Combes has put his three-year turnaround effort, called "The Shift Plan" into action. This initiative will focus the vendor's efforts on IP networking and ultra-broadband access opportunities, while cutting €1 billion ($1.34 billion) in costs by 2015.

For more:
- see the release

Related articles:
Alcatel-Lucent's IP division revenues rise 25 percent to $824M
Alcatel-Lucent's Combes sets company's focus on IP, broadband opportunities
Alcatel-Lucent's new CEO faces cash flow challenge
Seaborn Networks establishes gateways with Equinix and Telx in US, Brazil

Suggested Articles

Like most telcos, there are challenges ahead for CenturyLink, but one area it can bank on is its fiber network both here and abroad.

With the surge of data-hungry gamers battling for the best experience, how will your network rise to the challenge?

Listen now.

It's going to be fun watching the epic battle unfolding between hedge fund giant Elliott Management and massive conglomerate AT&T.