Thursday, March 3, 2005

Nortel Appoints Former Cisco Exec as New President

Nortel Networks announced the following senior management changes:

  • Bill Owens, currently president and CEO, will become the vice chairman and CEO.

  • Gary Daichendt has been appointed to the position of president and chief operating officer (COO) reporting to Owens. Daichendt was previously executive vice president, Worldwide Operations, Cisco Systems. In his new role Daichendt will be responsible for leading Nortel's carrier and enterprise businesses, research and development, services and supply chain functions and global sales and operations.

  • Peter Currie, who was appointed CFO effective February 14, 2005, will become executive vice president and CFO.

  • Pascal Debon, currently president, Carrier Networks, will assume the role of special advisor to the vice chairman and CEO.

See also