Alcatel-Lucent CFO resigns

Alcatel-Lucent is losing another member of its senior management team. Chief financial officer Hubert de Pesquidoux has resigned after 17 years with the company to "pursue other opportunities." He will be replaced by Paul Tufano, former CFO and interim CEO for Solectron Corp.

Pesquidoux is the second CFO to leave Alcatel-Lucent in about a year. Jean-Pascal Beaufret, the previous CFO, left Alcatel-Lucent in late 2007 after the company issued several profit warnings. 

Alcatel-Lucent has been in transition since Ben Verwaayen was named CEO of the firm at the end of September. Verwaayen replaced former CEO Patricia Russo who resigned in late July amid lots of criticism about her performance. Verwaayen is charged with the daunting task of turning this company around amid growing competition from rivals such as Ericsson and Chinese vendor Huawei.

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