Alcatel-Lucent Boots Top Brass
Markets responded favorably to Tuesday’s news that the chairman and CEO of Paris-based Alcatel-Lucent would be leaving the merger-troubled company. The telecommunication company’s stock was up nearly 6 percent by market close following the announcement that CEO Serge Tchuruk and CEO Pat Russo will both leave later this year. The company also announced second quarter revenue in line with analyst estimates. The departures are good news for the company, which has not posted favorable financial results since its 2006 merger, said R.W. Baird analyst Ken Muth.
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Alcatel-Lucent Boots Top Brass
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