Nortel CFO to step down

Finance chief who led recover from scandal to leave

Written by AccountancyAge.com

Peter Currie, chief financial officer and executive vice president at Nortel Networks has announced that he is leaving the company after two years on the job.

Currie helped the company recover from an accounting scandal and years of poor results.

He will leave on 30 April to take on unspecified new challenges, Nortel said in a statement.

Currie spent much of his career at Nortel, including as CFO from 1994 to 1997. He returned in February 2005 following the accounting scandal in 2004 that led to financial restatements and the firing of CEO Frank Dunn.

Further reading:

Nortel finally restates figures

Nortel delays financials

Nortel sacks CFO in finance clearout

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