Stephen Carter, CMO of Alcatel-Lucent (NYSE: ALU) and president of the Europe, Middle East and Africa region, will leave the troubled vendor at the end of this month.
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Carter (Image source: Alcatel-Lucent) |
Carter's departure follows that of Ben Verwaayen, who announced his departure last month. His replacement Michel Combes, a former Vodafone executive, will start as CEO tomorrow.
Citing a labor union source, Combes, reports Reuters, will accelerate the company's €1.25 billion ($1.61 billion) cost-cutting plan, which includes 5,500 job cuts.
As reported in the Financial Times, Carter was being considered as a top candidate to eventually take Verwaayen's place. However, sources close to the management team said that Carter decided to leave Alcatel-Lucent to return to the UK to be with his family.
The Times report added that Carter has already taken a new job at another company, but would not reveal where or when he will begin in his new role.
Before joining Alcatel-Lucent in 2010, Carter served as the CEO of Ofcom, Britain's telecom regulator and later as chief of strategy for then communications minister Gordon Brown. One of his main achievements working under Brown was that he was one of the authors of the Digital Britain report, which created a foundation for policies encouraging faster broadband speeds.
For more:
- Financial Times has this article (reg. req.)
- Reuters has this article
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