Alcatel-Lucent CEO to Step Down as Turnaround Fails

Alcatel-Lucent CEO to Step Down as Turnaround Fails Play

Feb. 7 (Bloomberg) -- Bloomberg's Manus Cranny reports that Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen will step down after 4 1/2 years of efforts to turn around the phone-equipment maker failed to stem a slump in cash reserves and withstand global competition. He speaks on Bloomberg Television's "The Pulse."

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