Nortel Names New Chairman

Nortel Networks announced the appointment of Harry J. Pearce as its non-executive chairman of the board, replacing Lynton R. (Red) Wilson, who has served as chairman since November 2001. Pearce has previously served as Chairman of the Board of Hughes Electronics Corporation (now The DIRECTV Group, Inc.). He was a director and Vice-Chairman of General Motors Corporation from January 1996 to June 2001. Mr. Pearce is also a director of Marriott International, Inc. and MDU Resources Group, Inc.
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