|
Hubert de Pesquidoux named CFO
Paris, October 31, 2007 — Alcatel-Lucent (Euronext Paris and NYSE: ALU)
today announced that Hubert de Pesquidoux has been named Chief Financial
Officer, replacing Jean-Pascal Beaufret, who is leaving the company to pursue
other opportunities. Hubert de Pesquidoux currently leads the Enterprise
Group of Alcatel-Lucent.
In addition, the company said as part of its plan to improve profitability it
has streamlined its regional structure and CEO Patricia Russo has established a
seven-member management committee reporting directly to her to lead the overall
operation of the company, creating a more focused and efficient operating
model.
“I want to thank Jean-Pascal for his considerable contributions to this
company. He has been a valuable member of the team. His experience
and dedication to this new company have helped us through the difficult, early
stages of this complex merger while dealing with a challenging market,”
Patricia Russo said. “Prior to the merger, Jean-Pascal served as CFO of
Alcatel during much of this turbulent decade in the industry, ably helping to
guide it while astutely managing the assets and resources of the company and
was instrumental in the financial turnaround of Alcatel. I wish him
success in the next phase of his career.”
Jean-Pascal Beaufret will stay with the company for a period of time to ensure
a smooth transition.
“I am looking forward to working with his successor, Hubert, who has been a key
contributor to the success of our Enterprise business,” Patricia Russo
said. “Hubert has a great deal of experience in both operational and
financial roles throughout his career.”
Prior to his position as head of the company’s Enterprise activities, Hubert de
Pesquidoux held several finance positions. He was Chief Financial Officer
of Alcatel North America, Corporate Treasurer of Alcatel for four years and
spent four years in investment banking, including two years in New York
City. He also has led Alcatel’s North America operations and was a member
of the Alcatel Executive Committee. He joined Alcatel in 1991.
Hubert de Pesquidoux’s replacement for his current position will be named at a
later date.
Simplifying Management of Regional Structure:
To streamline the company's regional operations two regional structures will be
created, one for the Americas and one that includes Asia Pacific, Europe,
Africa and the Middle East. Frederic Rose, who currently heads the
Asia-Pacific Region, will assume additional responsibilities for the company’s
current Europe & North and Europe & South regions. Cindy Christy,
will lead the Americas Region. Frederic Rose and Cindy Christy will
continue to report directly to Patricia Russo.
Olivier Picard, head of the Europe and South region will continue to oversee
the Europe and South region, reporting to and serving as deputy to Frederic
Rose. Christian Reinaudo, head of the Europe and North region, will be
leaving the company to pursue other opportunities.
“I would like to thank Christian for his outstanding contribution during the
more than 29 years he has been with this company,” Patricia Russo said.
“He has held many leadership positions within the company and was a key driver
for our optical business, having served as president of Alcatel’s optical
activities and its submarine unit. He laid the foundation for the growing
success of our Asia-Pacific Region and has been a critical player in this first
stage of our integration efforts. I wish him even more success in the
future.”
Establishes New Management Committee:
The role of this committee encompasses the company’s strategy, organization,
corporate policy matters, long term financial planning and human resources
strategy. It is charged with assuring the execution of the company’s
plans and business performance.
The management committee will comprise seven business leaders: Cindy Christy,
Americas Region; Etienne Fouques, who oversees Research, CTO, Strategy and
Corporate Marketing; John Meyer, head of Services; Claire Pedini, head of
Corporate Human Resources and Communications; Hubert de Pesquidoux, CFO;
Michel Rahier, who leads the Carrier Business Group; and Frederic Rose, Europe,
Middle East, Africa and Asia Pacific. Janet Davidson, Chief Compliance
Officer and head of the Integration and IT, will serve as secretary for the
committee.
“This streamlined management structure enables a more efficient, more focused
company with clear lines of accountability,” Patricia Russo said. “I
selected every member of this team, not only because of his or her area of
responsibility, but because they each bring a great deal of experience in this
complex and often difficult industry and have successfully tackled a range of
challenges throughout their careers. I look forward to their counsel and
guidance as we navigate through this next phase of our merger, taking on the
challenges and seizing on the opportunities ahead.”
|
