"Convergence is here and now, and our enterprise and carrier customers are demanding partners who can deliver enterprise innovation on carrier-grade platforms. With our carrier and enterprise capabilities, Nortel is uniquely positioned to deliver on this," said Bill Owens, vice chairman and chief executive officer, Nortel. "We're playing to win, and that means having the determination and flexibility to transform our teams, simplify our portfolio, and focus our resources close to our customers, as well as harness both the power and opportunities of network convergence."
The new alignment includes two product groups each led by its own president - Enterprise Solutions and Packet Networks led by Steve Slattery, and Mobility and Converged Core Networks led by Richard Lowe. By creating two product groups, Nortel greatly simplifies its business model and creates new cost-efficiencies by leveraging common hardware and software platforms.
In order to better serve global enterprise customers, who are leading the market in demanding carrier-grade technologies and services that run on enterprise platforms, the Company is combining core assets such as Ethernet and enterprise telephony, optical, and wireline data into a unified product group to better leverage core technology and hardware platforms for enterprises while fulfilling the requirements of carrier customers. With the Mobility and Converged Core Networks organization, the Company is consolidating its mobile businesses and combining them with critical core network technologies, reinforcing the wireless market as a vital element of current and future revenue growth.
To heighten Nortel's responsiveness to customers and increase rapid deployment of industry-leading products and technologies, the Company is forming four region-based teams to address the most promising business opportunities, as well as to create market solutions and business arrangements tailored to individual customer requirements. These teams will be led by Steve Pusey, executive vice president, Nortel and president, Eurasia; Dion Joannou, president, North America; Robert Mao, president and chief executive officer, Greater China; and Martha Bejar, president, Caribbean and Latin America and Emerging Markets Strategy.
To meet global customer demand for managed services, Sue Spradley, president, Global Services and Operations, will continue to provide single point of contact solutions to enterprise and carrier customers worldwide. Spradley's team delivers a comprehensive services and solutions portfolio that gives customers the ability to simplify their operations, optimize their networks and better manage costs.
The Company also announced today that Malcolm Collins, president, enterprise networks, will be leaving the Company. Additional information on Nortel's executive management team can be found at www.nortel.com/corporate/exec/index.html.