No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreNortel gets new chief
Stuart Corner
Tuesday, 18 October 2005 15:01
Owens was a non-executive Nortel director who took on the top job after the previous holder, Frank Dunn, was dismissed along with other senior executives over an accounting scandal. His appointment was widely seen as a stop gap. However he has fulfilled anything but a caretaker role, having presided over two major restructurings of the organization, the most recent of which was announced earlier this month.
Nortel chairman, Harry Pearce was fulsome in his praise of Owens' performance over the past 18 months. "At a moment of great challenge and enormous need in the history of this company, the board turned to one of its own, whose long career embodied the highest levels of trust, integrity and distinguished leadership. We needed an experienced, steady hand and Bill delivered. On behalf of our Board, our employees, investors, partners and customers, we will be forever grateful."
Zafirovski, 51 was with General Electric from 1975 to 2000 in senior executive positions in a number of the company's divisions: president and CEO, GE Lighting; president, GE Capital Mortgage Corporation; and president and CEO, GE Capital Fleet Services. In 2000 he joined Motorola as president and CEO of the Personal Communications Sector, and from 2002 to 2005, was president and COO.
He was tipped to take the Nortel top job when he Motorola early this year.
You think you have a disaster recovery plan?
Think again. Most businesses only have PART of a DR plan - and this spells business disaster in the event of an IT disaster.
Download The Seven Sins of Disaster Recovery White Paper now and find out how you can prevent this happening to you.
