BusinessCompany NewsNortel CFO to step down

Nortel CFO to step down

Finance chief who led recover from scandal to leave

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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