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18 Dec 2001
Struggling Canadian telecoms and network equipment vendor Nortel Networks has finally appointed a new chief technology officer, following the resignation of Bill Hawe in February.
In the latest change to Nortel's executive ranks the post will be filled by company veteran Greg Mumford, who has been president of Nortel's long-haul fibre optic networks operation for the past two years.
Further reading
Announcing the appointment, chief executive Frank Dunn said that Mumford will be responsible for working on the company's next-generation technology roadmap.
Nortel has only recently axed 20,000 jobs on top of the 30,000 it announced earlier this year. The cuts were due to the crash in sales of telecoms equipment.
In October the company posted a record loss of £2.4bn and said it could not issue predictions for future quarters.
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