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Nortel appoints Peter Currie as chief financial officer; Company appoints interim controller.

Publication: M2 Presswire
Publication Date: 27-JAN-05 		Format: Online - approximately 1337 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-27 January 2005-NORTEL NETWORKS: Nortel appoints Peter Currie as chief financial officer; Company appoints interim controller(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:01272005

TORONTO - Nortel Networks Corporation [NYSE/TSX: NT] announced the appointment of Peter Currie as chief financial officer effective February 14, 2005. Currie is a senior executive with more than 30 years of financial experience who was most recently vice chairman and chief financial officer of RBC Financial Group, one of North America's leading financial services organizations.

"Nortel has recently achieved a very significant financial reporting milestone and is committed to the ongoing transformation of its Finance organization and financial systems in a manner which will meet the highest professional standards and support shareholder value creation," Currie said. "I am very pleased to join this leadership team in working aggressively to grow the Company's business and position Nortel well for the future." This appointment was made following the decision by William Kerr, the current chief financial officer, 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. In...

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