Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen, whose term ends this year, won’t have his mandate renewed and will step down May 7, Le Monde reported, without citing anyone.
The decision was made at a board meeting today, the newspaper said. Alcatel-Lucent is scheduled to release fourth- quarter earnings tomorrow before the market opens in France.
Simon Poulter, a spokesman for the Paris-based company, said the company wouldn’t comment on speculation.
To contact the reporter on this story: Kenneth Wong in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: Kenneth Wong at email@example.com