Altice CEO Resigns, Management Shuffled

Altice has reorganized its group management and governance, following the resignation of Michel Combes, who was serving as CEO of Altice N.V., among other posts.

In addition to the role of CEO at the Netherlands-based multinational telecoms company, Combes was director of Altice N.V., director of Altice USA and chairman and CEO of SFR Group.

Altice founder Patrick Drahi will now serve as president of the board of Altice N.V. and will set out the strategic, operational, commercial and technological agenda for the group and its execution, including in particular SFR Group.

Dexter Goei will take over as CEO of Altice N.V. Goei will continue to focus on the successful activities in the U.S. as CEO and chairman of Altice USA. Goei reports to Drahi.

Dennis Okhuijsen becomes CEO of Altice Europe in addition to serving as CFO of Altice N.V. He will continue to assume responsibility for all financing and investor relations activities and the European operations CEOs will report to him directly.

Jérémie Bonnin is serving as Altice general secretary, while Armando Pereira has been appointed Altice Telecom COO. Alain Weill, SFR Media CEO, is appointed SFR Group chairman and CEO and Altice Media COO.

Drahi said: “Michel has been an important part of the Altice story when he first joined the Board of Altice. He provided key support and judgment as we developed our expansion strategy. As CEO, Michel critically created the group structure to operate a transatlantic communications business while driving key technology, research and innovation initiatives, which will serve Altice for the future. I would like to personally thank him for his contribution, integrity, loyalty and friendship.”

Combes added: “I would like to thank Patrick and the team for their confidence over the past years. It has been a privilege to be part of the Altice story, accompany the expansion of the group and lead the industrialization of the convergence strategy. With Patrick returning as president of the group, Altice will be well positioned to execute its strategy across all operations.”