Alcatel-Lucent said Tuesday it has appointed former BT chief executive Ben Verwaayen to replace outgoing CEO Patricia Russo.
The world's largest manufacturer of fixed-line telecommunications gear also named former EADS co-CEO Philippe Camus as non-executive chairman, replacing longtime Alcatel chairman Serge Tchuruk.
Verwaayen's appointment is effective immediately, and Camus will take over as chairman on Oct. 1, Alcatel-Lucent said in a statement.
Russo and Tchuruk announced their resignations in July after Alcatel-Lucent reported a sixth consecutive quarter of losses.
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