AllThingsD » Serge Tchuruk http://allthingsd.com Sun, 12 Feb 2012 00:02:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Alcatel-Lucent: We Suck in French and English http://allthingsd.com/20080729/alcatel-lucent/ http://allthingsd.com/20080729/alcatel-lucent/#comments Tue, 29 Jul 2008 16:37:13 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=2903 Alcatel-Lucent is cleaning house and, frankly, it’s about time. After posting yet another massive quarterly loss Tuesday ($1.7 billion), the company said its chief executive, Patricia Russo, and chairman, Serge Tchuruk, who together led its trans-Atlantic merger two years ago, will resign their positions by year end.

“The merger phase is now behind us,” Tchuruk said in a statement. “I am proud that Alcatel-Lucent (ALU) has become a world leader in a technology which is transforming our society.”

Added Russo, “Our strategy is taking hold, and our results are demonstrating good operational progress. That said, I believe it is the right time for me to step down.”

Apparently, after six consecutive quarters of losses and a brutal reduction in both market share and market capitalization, their work is done.

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