Cash-burning Alcatel-Lucent (ALU +1.1%) edges higher after announcing a big management shakeup....

|By:, SA News Editor

Cash-burning Alcatel-Lucent (ALU +1.1%) edges higher after announcing a big management shakeup. Among other things, CFO Paul Tufano will now also be Alcatel's COO, Americas chief Robert Vrji has been named head of global sales, and Networks chief Philippe Kreyer is now president of Networks & Platforms, a new division that covers Alcatel's service provider solutions. Also, Alcatel plans to cut the size of its management committee nearly in half. (PR) (previous)