RealTime IT News

Alcatel President/COO Quits

Philippe Germond, president and COO of Alcatel , will submit his resignation at the April 19th board of directors meeting, the French telecommunications equipment giant announced today.

A company spokesman was not immediately available to comment on the reason for Germond's decision or whether the executive will continue his duties until the meeting.

In a statement, Serge Tchuruk, chairman and CEO of Alcatel, said he regrets Germond's decision.

"I would like to thank him for the important contribution that he made to the group," Tchuruk said. "In the last two years, he has actively participated in the company's recovery."

Germond joined Alcatel in January 2003 after leadership posts at Vivendi Universal. From 1980 to 1995, he worked for HP in the United States and Europe. Germond is a graduate of the Ecole Centrale de Paris and Stanford University.

Leading Alcatel is a big job. The company operates in 130 countries and tallied $15.9 billion last year. Its primary business is selling networking infrastructure to carriers, ISPs and enterprises for voice, data and video applications.

But it's also active in wireless technologies. Alcatel recently said it will work with chipmaker Intel to develop 802.16a technology (commonly known as WiMAX ) products by the second half of 2005.

Finally, Alcatel has a space division, which develops satellite technology for telecom, navigation, optical and radar observation, weather and scientific applications.