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News | 01/26/2005 5:00 am EST

Nortel Networks Corp. has made major changes to its board of directors, following the company’s filing of restated 2003 revenue figures on January 11. Out are: chair Red Wilson as well as Yves Fortier, Sherwood Smith, Guylaine Saucier and the Hon. James Blanchard. Richard McCormick, former chair and CEO of US WEST, and Harry Pearce, retired chair of Hughes Electronics vice-chair of General Motors, have been appointed to the board. John McNaughton, outgoing president and CEO of the Canada Pension Plan Investment Board will stand for election to the board at Nortel’s AGM this year.

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