Alcatel-Lucent (NYSE: ALU) on Monday named current Chief Financial Officer Paul Tufano as its new Chief Operating Officer, as part of its broader restructuring program.
Beginning in January, Tufano will oversee its three key business units—enterprise, strategic industries and submarine—in addition to supply chain and procurement.
The France-based vendor also made three other significant changes to its management lineup: Rober Vrij was named president of global sales and marketing; Stephen Carter becomes President Managed Services & EVP Corporate Restructuring, with responsibility for its performance program and corporate marketing and corporate communications; and Philippe Keryer becomes President of Networks & Platforms.
Keryer will assume responsibility for four of Alcatel-Lucent's product and service divisions: core networks, fixed networks, wireless, and platforms.
However, George Nazi will continue in his role as the President of the Global Customer Delivery division, while Jeong Kim remains President of Bell Labs and Chief Strategy Officer as well as overseeing the company's patent assets/portfolio.
The management shuffle is part of the vendor's restructuring program that it announced on July 26, where it announced it would cut 5,000 jobs across all of its regions. By making these changes, Alcatel-Lucent said it could save €1.25 billion ($1.6 billion) by the end of 2013.
In its most recent quarter, Alcatel-Lucent reported a net loss of $312.5 million, compared to a profit of around $53 million in Q2 2011.
For more:
- see the release
- Bloomberg has this article
Special report: Wireline in the second quarter of 2012
Related articles:
Alcatel-Lucent cuts 5K jobs amid Q2 2012 loss
Earnings preview: Verizon seen doing well; ALU to miss guidance
Switching and routing market to grow 4.4% in 2012, breaking stagnant Q1
BT Ireland chooses Alcatel-Lucent for its IP/VPN Ethernet initiative