Nortel Does More Shuffling

BRAMPTON, Ontario -- Nortel Networks(NYSE:NT) (TSE:NT.) today announced a new senior management team whichwill lead the company forward effective November 1, 2001. "I'm confident that the senior management team that we have inplace at Nortel Networks is well poised to continue driving excellentprogress against our workplan," said Frank Dunn, president and chiefexecutive officer effective November 1, 2001, Nortel Networks. "Thisteam is clearly focused around three major areas -- Optical Long HaulNetworks, Wireless Networks, and Metro Networks." The new senior management team will be as follows: Terry Hungle, formerly President, Finance, for Nortel NetworksAmericas is appointed Chief Financial Officer. Three product presidents have also been named: -- Frank Plastina, formerly President, Service Provider and Corporate Networks is appointed President, Metro Networks. Plastina and his organization will be responsible for Intelligent Internet, Enterprise Networks, Circuit to Packet, Metro Optical, circuit switching and Global Networks Support.
-- Greg Mumford, formerly President, Optical Internet is appointed President, Optical Long Haul Networks.
-- Pascal Debon, formerly President, Europe, The Middle East & Africa is appointed President, Wireless Networks, replacing Jules Meunier, who has decided to leave Nortel Networks. The following senior management team members will be as follows: -- Chahram Bolouri will continue as President, Global Operations
-- Gary Donahee will continue as President, Americas
-- Stephen Pusey, formerly President, North America Region is appointed President, EMEA, replacing Pascal Debon
-- Masood Tariq will continue as President, Asia-Pacific
-- Kannankote Srikanth will continue as President, Global Professional Services In addition, the following Corporate Global senior managers willbe reporting directly to Frank Dunn: -- Nick DeRoma, Chief Legal Officer
-- Bill Donovan, Senior Vice President, Human Resources
-- Alan Kember, Chief Marketing Officer Nortel Networks Corp.