CALGARY, Alberta -- Nortel Networks (NYSE:NT)(TSE:NT.) today announced the appointment of Lynton R. (Red) Wilson as its non-executive chairman of the board. Wilson replaces Frank Carlucci, who has served as chairman of the board since March 2000. Carlucci did not stand for re-election as a director at the Company's shareholders' meeting held today in Calgary, having reached the age of retirement, 70, in accordance with the Company's guidelines governing eligibility to become a nominee for director.

Commenting on Carlucci's service to Nortel Networks, John Roth, president and chief executive officer, Nortel Networks, said, "Nortel Networks is deeply grateful to Frank Carlucci for his leadership and contribution during this important period in the company's history. Frank played a key role on the Board and also actively assisted Nortel Networks in formulating and expressing its views on issues such as permanent Normal Trade Relations with China, export controls and other important legislative and world issues."

Nortel Networks Corp.