Alcatel-Lucent's CEO and chairman to exit

Darren Murph
D. Murph|07.30.08

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Alcatel-Lucent's CEO and chairman to exit

Shortly after Alcatel-Lucent posted yet another quarter of net losses, two of its biggest bigwigs have decided that enough is enough. Chairman Serge Tchuruk and CEO Patricia Russo have both announced plans to exit the company, and while the former will be clocking in for the final time on October 1st, the latter has agreed to stay on until a new CEO is found. According to Tchuruk, the time has come for the outfit to "acquire a personality of its own, independent from its two predecessors." The search for replacements has already begun, though analysts assert that filling the holes won't be a lesson in simplicity. Something Motorola would likely agree with entirely.

[Via RCRWireless, image courtesy of The New York Times]

Read - Announcement of resignations
Read - Search for replacements
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