Can a New CEO Save Alcatel-Lucent?
Alcatel-Lucent has announced that Michel Combes, former CEO of Vodafone Europe and former CFO of France Telecom, will be replacing outgoing CEO Ben Verwaayen and will take the helm as of April 1.
In the following video, Motley Fool tech and telecom analyst Andrew Tonner tells investors why this is a difficult time for Alcatel-Lucent as it struggles to make its turnaround story a reality. Also, while Combes will be a good fit -- with his long history in the industry and his reputation as a cost cutter -- Andrew thinks that the company itself still has a long uphill battle ahead of it in an industry with some very difficult dynamics.
More Great Advice from the Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.
The article Can a New CEO Save Alcatel-Lucent? originally appeared on Fool.com.Andrew Tonner has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.