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Verwaayen and Camus to join Alcatel-Lucent

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Verwaayen and Camus to join Alcatel-Lucent

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Alcatel-Lucent has named its new bosses. Former British Telecom chief executive Ben Verwaayen will have the job of turning round the loss-making telecoms equipment group.

Veteran French businessman Philippe Camus is to be the new non-executive chairman.

The appointments come one month after investors forced out the current managers – Serge Tchuruk and Patricia Russo – following a series of profit warnings.

The company’s market value has dropped more than 60% in the 21 months since Alcatel and Lucent merged.