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Lombard to exit France Telecom

France Telecom chief executive Didier Lombard will step aside after a string of suicides at its native operation hurt staff morale. Lombard will hand over to Stéphane Richard, his deputy, on 1 March. Richard is expected to steer the firm away from bolt-on acquisitions and instead focus on improving core activities. The France Telecom brand is likely to be dropped in favour of Orange.