From the surprising news file, Nortel said today it has appointed David Richardson to the board.
Richardson was the Canadian National Partner of Ernst & Young LLP’s corporate finance practice, and the senior partner with the accounting firm’s Corporate Recovery and Restructuring practice until his retirement from the partnership in 2002.
According to a press release, he has “extensive experience advising organizations with respect to business and financial restructurings and has provided such advice to governments, regulators, lenders and major public and private corporations throughout his career”.
Richardson is a director and Chairman of the Audit Committee of the Board of Directors with ACE Aviation Holdings, and a Director and Chairman of the Board of Directors of Air Canada.
Nortel also announced that Dr. Manfred Bischoff has decided to step down as a director with Nortel Networks Corporation and Nortel Networks Limited.
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