Nortel hires former Motorola COO as CEO

TORONTO - Nortel Networks announced Monday that Mike Zafirovski has been named as president and CEO. Zafirovski will succeed Bill Owens on November 15th, 2005. "Mike Zafirovski has the kind of proven, team-building leadership that has seen him create significant new value during his career in two of the world's most important global corporations," said Harry J. Pearce, chairman of the board of Nortel. "He's the right leader to build on the important work of Bill Owens - and take Nortel to the next level." Zafirovski, 51, has a 30-year career of leadership with two of the world's highest profile...