Wednesday, January 26, 2005

Nortel Appoints Peter Currie as CFO

Nortel Networks announced today the appointment of Peter Currie as CFO. Currie is rejoining Nortel as he had previously served as senior vice president and chief financial officer from 1994 until early 1997. He most recently served as vice chairman and chief financial officer of RBC Financial Group, one of North America's leading financial services organizations. This appointment was made following the decision by William Kerr, the current CFO, to step down from this position, which he had assumed last year to lead the completion of the restatement. At the request of president and chief executive officer Bill Owens, Kerr has agreed to serve as senior advisor to the CEO.

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