Technology30.07.2008
Alcatel-Lucent leaders resign
Russo will leave by the end of the year and Tchuruk, the non-executive chairman, will stand down on October 1, the company said in a statement.
Until a successor is found, Russo "will continue to direct the group to ensure the transition," the statement said.
The board "will immediately begin the search for a new non-executive chairman and a new chief executive," and will also change its composition to reduce the number of its members," it said.
Alcatel and Lucent merged in December 2006 but the group on Tuesday announced a second straight quarterly loss, this time of 1.1 billion euros (1.7 billion dollars).
Don't miss the latest news
Show comments
Loading ...