TORONTO -- Nortel(x) Networks Corporation (NYSE/TSX: NT) announced the appointment of Claude Mongeau and John David Watson to the Company's board of directors today at its Annual Shareholders Meeting in Toronto.

Previously serving directors re-elected to the board today are Jalynn Hamilton Bennett, Dr. Manfred Bischoff, The Hon. James Baxter Hunt Jr., John Alan MacNaughton, The Hon. John Paul Manley, Richard David McCormick, Harry Jonathan Pearce, and Mike Svetozar Zafirovski. Harry J. Pearce remains chairman of the board.

The Company acknowledges the years of contribution and service to Nortel by outgoing board directors Robert Ellis Brown, John Edward Cleghorn, Robert Alexander Ingram and Ronald Walter Osborne who did not stand for re-election at the annual meeting.

"Nortel and its shareholders owe Robert Brown, John Cleghorn, Robert Ingram and Ronald Osborne a great deal of gratitude for their dedication in striving to rebuild one of the industry's greatest companies," said Mike Zafirovski, Nortel president and CEO. "We welcome the addition of directors Claude Mongeau and John Watson who, together with the rest of our board and my energized executive team, give me complete confidence in our ability to position Nortel for profitability and long-term growth."

Nortel Networks Ltd.