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Mike Z.’s Upbeat AGM Message

The always-optimistic Mike Zafirovski had some bullish things to tell investors at today’s AGM. If you couldn’t make it, here’s the Nortel press release.

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Nortel AGM: Tomorrow!

Hey, I almost forgot that Nortel’s AGM is tomorrow in Ottawa.
Given that Nortel is embracing social media so enthusiastically, the AGM features a Webcast for everyone who doesn’t find themselves in Ottawa tomorrow.
Speaking of AGMs, I still look back fondly at the five-hour marathon in Halifax in 2002 where shareholder activist Robert Verdun went [...]

Nortel Launches Ad Campaign

Don’t be too surprised if you see Nortel ads on television over the next little while after it launched a new campaign around the tag line “Business Made Simple”.
The 30-second spots feature senior executives discussing how Nortel’s technology helped their businesses. For example, the general director of India’s Mumbai International Airport talks about how Nortel’s [...]

Pangia Gets Promotion

Michael Pangia must have been doing some good things for Nortel in Asia and/or they really need to fill the newly-created position as senior vice-president, global sales operations and strategy.
Here’s the official statement from Bill Nelson, EVP, global sales:
“We are driving towards world-class sales operations and customer focus, and Michael Pangia, with his recent experience [...]

So Long, Peter Kelly?

Apparently, Nortel and Peter Kelly, who heads up the enterprise division for EMEA, have parted ways. Can anyone confirm?
Update: Kelly’s departure has been confirmed.

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It’s Been Good Knowing You, Mike Z.

This doesn’t come as much of a shock: Mike Zafirovski has decided to walk away from Nortel to become Motorola’s new CEO.
The only surprising part is it happened so soon after Greg Brown was promoted to the position. But it does make some sense given Brown was given the dirty job of splitting Motorola into [...]

Mike Z.’s AGM Video

As an added bonus, here’s CEO Mike Zafirovski’s video about the 2007 annual report.

Technorati Tags: Mike Zafirovski, Nortel

Hot off the Presses! Nortel’s Annual Report

Come and get it, the 2007 annual report!
Here’s chairman Harry Pearce’s letter.
The journey to renewal at Nortel continued throughout 2007. Progress on our multi-year transformation plan was made across the board and we are regaining a day-to-day operating rhythm for the company. We have also seen the further strengthening of the leadership team under [...]

Mike Z. Snaps Up Some NT

Got a tip from a reader (Thanks!) that Nortel CEO Mike Zafirovski is putting his money where his mouth is by acquiring some more NT stock.
Earlier this week, he purchased 83,500 shares at prices range from $6.20 to $6.37 each. Mike Z. also holds 1.73 million stock options with exercise prices ranging from $8.31 [...]

A Look at Nortel

The Report on Business Magazine has a feature story on Nortel and its struggles to pull off a turnaround after more than two years of CEO Mike Zafirovski at the helm.
Interesting read.