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Nortel names new chief executive

Nortel Networks named Mike Zafirovski, a former Motorola executive, to take over as chief executive succeeding Bill Owens who worked to restore the Canadian telecommunications equipment manufacturers’ credibility following an accounting scandal.

Mr Zafirovski, who helped turn around Motorola’s mobile-phone unit, left the US electronics and mobile phone group in January after being passed over for the chief executive’s job. At Nortel his biggest challenge will be reviving equipment sales to telephone service providers following the telecommunications crash and an accounting scandal at the Brampton, Ontario-based company that dated back to 1999. “Bill re-established stability within Nortel and credibility with all its stakeholders,” said Harry Pearce, Nortel’s chairman. “Mike can now build for the future on the strong foundation Bill Owens has given us.”


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IndiaDaily - Nortel names new chief executive

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