Equant Names Dehelly Chief Executive as Caclin Quits
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Equant NV, the unprofitable operator of the world&#39;s biggest data-communications network, named Charles Dehelly as its new Chief Executive Officer after Daniel Caclin resigned from the job.
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Viacom Inc. VIAb.N on Tuesday said   Chief Executive and President Tom Freston resigned and will be   replaced by Philippe Dauman, a longtime associate of the   company's chairman Sumner Redstone.
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Three top Citigroup executives, including Vice Chairman  Deryck Maughan, are leaving the financial services giant in the  wake of a scandal at its Japanese private banking unit.
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Alcatel-Lucent&#39;s head of enterprise systems, Hubert de Pesquidoux, will take on the role of chief financial officer as part of a management shake-up intended to streamline decision-making. The company has suffered from lackluster performance since its formation from the&#160;merger of Alcatel and Lucent Technologies&#160;last December.CEO Patricia Russo announced the changes Wednesday, at the same time&#160;outlining a three-point plan for restoring the company to profitability. The company also reported a third-quarter loss of &#8364;345 million ($492 million) on revenue of &#8364;4.35 billion.Russo will in future be advised by panel of seven senior executives, down from 11 before. Just two of them are former Lucent employees: Cindy Christy, who will add Central and Latin America to her existing responsibility for North American sales, and John Meyer, head of services, a role he held at Lucent.The merging of North America with Central and Latin America in Alcatel-Lucent&#39;s sales structure is part of a broader move to simplify the way the company sees the world, splitting it into just two regions: the Americas, and the rest.Former CFO Jean-Pascal Beaufret is &quot;leaving the company to pursue other opportunities,&quot; but will remain for a short period as he hands over to de Pesquidoux. It wasn&#39;t immediately clear if de Pesquidoux would also remain head of the enterprise systems group or if Alcatel Lucent would seek someone else.De Pesquidoux, a former merchant banker, is also part of the new management team. He used to run Alcatel&#39;s North American operations before taking over the merged company&#39;s enterprise systems division. Although enterprise systems is the smallest of the company&#39;s business units, contributing just &#8364;380 million of its &#8364;4.35 billion revenue last quarter, it is the best performing, with an operating profit margin of 7.6 percent.The remaining members of the management team are Chief Technology Officer Etienne Fouques, head of human resources and communications Claire Pedini, carrier business group head Michel Rahier, and Frederic Rose, who heads up the company&#39;s business in Europe, the Middle East, Africa, and Asia Pacific.Rahier will oversee one of the biggest changes in the company&#39;s product structure, as it eliminates the layer of management that divided the carrier business group into separate wireless, wireline and convergence teams.Other changes ahead for the company include a tighter focus on products to help carriers transform their networks to an all-IP (Internet Protocol) infrastructure, a move from products to value-added services, and a more streamlined organization with fewer staff in support functions to eliminate post-merger duplication.Pedini&#39;s role in human resources is particularly significant as the company prepares to shed a further 4,000 jobs by 2009, having already cut 3,800 in the first half of this year. Her approach is likely to focus on the numbers -- the company hopes the job cuts will save it a further &#8364;400 million -- rather than the people, as she worked for four years as Alcatel&#39;s deputy CFO, only taking on the role of vice president of human resources and communications in January 2006.This article was updated with new information on October 31, 2007.
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The chief executive of SCI Entertainment has quit after delays to computer games.
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By Ryan Blitstein, San Jose Mercury News, Calif.  May 29--Verisign Chief Executive Stratton Sclavos has resigned, the company said today.
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At least one high-level Sun exec is departing after a shake-up affecting the Sun Grid.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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Vice chairman of the office of the chief executive officer in Novell Inc, Chris Stone is leaving the company to pursue other opportunities in life.
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Online auction website eBay said Wednesday chief executive Meg Whitman will step down in March, handing the company's reins to its marketplace unit head John Donahoe.
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Qwest Chairman and CEO Richard Notebaert, brought in to take over after Joseph Nacchio was indicted for insider trading in 2002, will retire after making the carrier profitable.
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NEW YORK, October 4  - Paychex&#39;s (PAYX.NAS) billionaire founder, B Thomas Golisano, has stepped down from his position as President and CEO of the company.
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France Telecom is shaking up management at its loss-making business services subsidiary Equant in a bid to revive trading. Charles Dehelly, chief operating officer of Thomson, the
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Paychex Inc., one of the largest US payroll processors, said Monday founder Thomas Golisano has stepped down as president and chief executive and was replaced by Jonathan Judge, effective immediately.
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NEW YORK: Three senior Citigroup executives are leaving the company, after being found partially responsible for last monthâs forced closure of Citigroupâs private bank in Japan, a person familiar with the matter said.
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OfficeMax Inc.  Chief Executive Christopher Milliken resigned on Monday after less than four months on the job, the second top official to leave the office products retailer amid a billing scandal.
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Northern Rock said Thursday that chief executive Adam Applegarth, who had previously announced his resignation, had left the company.