Technology

Ex-Moto Exec to Head Nortel

10/17/2005 10:34 AM Eastern

Mike S. Zafirovski will join Nortel Networks Corp. as president and CEO, the company announced Monday.

Zafirovski will succeed Bill Owens Nov. 15. He had been president and chief operating officer of Motorola Inc. Prior to Motorola, he spent 25 years at General Electric Co.

“Mike Zafirovski has the kind of proven, team-building leadership that has seen him create significant new value during his career in two of the world's most important global corporations," Nortel chairman Harry J. Pearce said in a prepared statement. “He's the right leader to build on the important work of Bill Owens and take Nortel to the next level.”