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News | 05/14/2001 4:00 am EDT

Two of Nortel Networks Corp’s highest-profile executives have announced their intentions to leave the company. John Roth, president and CEO, has announced that he will retire in April 2002 after the company’s next annual general meeting. An executive search has already begun to find a successor. Clarence Chandron has decided to extend his medical leave indefinitely and has resigned his position as COO and director of the company. What was supposed to be a six-12 month leave of absence turned out to not be long enough and Chandron, a 15-year veteran with Nortel, said that it would be unfair to the company if the leave extended longer than a 12-month period. Roth said that since Chandron would be leaving the company, there was no natural successor and that one was needed well before his retirement.

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