Nortel revamps structure, managing director departs
- 30 January, 2009 17:14
Embattled networking vendor, Nortel, has announced a major revamp of its corporate structure with managing director, Mark Stevens, leaving the company on January 30.
Effective immediately, Nortel’s Asia-Pacific operations will be split between its carrier and enterprise divisions.
Taking on the local leadership role of the carrier business is Anthony McLachlan. Mark Fioretto will head up the enterprise division.
Earlier this year the Toronto-based vendor filed for Chapter 11 in US bankruptcy court seeking creditor protection, a move designed to give it time to organise a plan for paying off debts.
With Australian operations not covered by the creditor protection, McLachlan said local operations would continue as normal.
Late last year, the vendor announced a $US400 million cost-cutting campaign that involved selling its metro Ethernet division, laying off 1300 employees and shuttering facilities. In September, it also cut its local nForce partner ranks in an effort to provide a sharper focus on more successful resellers in the market.