Jean Raby, a former partner and managing director of Goldman Sachs' investment banking division, has been named Alcatel-Lucent's (UNKNOWN:ALU.DL) chief financial and legal officer effective Sept. 1, Alcatel-Lucent announced today. Raby will relocate to Alcatel-Lucent's Paris headquarters, according to the company.

Alcatel-Lucent CEO Michel Combs said in the company press release that Raby's "extensive knowledge of the industry and his deep understanding of global financial markets in the widest sense will be of great value as we drive ahead with the implementation of the Shift Plan announced in June" that includes selling "selective assets" and refinancing and reducing debt.

Prior to his position with Goldman Sachs, Raby became a member of the New York Bar Association in 1988, Alcatel-Lucent said in today's statement.


Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. 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.