Company Overview of Nortel Networks Corporation
Nortel Networks Corporation does not have significant operations. Previously, it engaged in supplying networking products and solutions, including hardware, software, and services to service providers and enterprise customers worldwide. The company was formerly known as Northern Telecom and changed its name to Nortel Networks Corporation. Nortel Networks Corporation was incorporated in 1895 and is based in Mississauga, Canada. On January 14, 2009, Nortel Networks Corporation filed for creditor protection under the Companies' Creditors Arrangement Act in Canada.
5945 Airport Road
Mississauga, ON L4V 1R9
Founded in 1895
Key Executives for Nortel Networks Corporation
Nortel Networks Corporation does not have any Key Executives recorded.
Nortel Networks Corporation Key Developments
Nortel Networks Corp. and Nortel Networks Ltd. Announce Management Resignations
Oct 3 12
Nortel Networks Corp. (NNC) announced that on October 1, 2012, Jaylnn H. Bennett and David I. Richardson provided notice of her resignation as a Director of the company and its principal operating subsidiary, Nortel Networks Ltd. (NNL). On October 2, 2012, Gregory R. Cote provided notice of his resignation as a Director of the company and NNL. On October 2, 2012, Allan Bifield provided notice of his resignation as Senior Vice-President, Corporate Services and Chief Financial Officer of the company and its principal operating subsidiary, NNL. The resignations are not as a result of any disagreement with NNC or NNL, and is effective October 3, 2012 upon the issuance of an order on same date from the Ontario Superior Court of Justice further extending the powers of Ernst & Young Inc., the court-appointed monitor in Nortel's creditor protection proceedings under the Companies' Creditors Arrangement Act (CCAA) by authorizing and empowering (but not obligating) the Monitor to exercise any powers which may be properly exercised by a board of directors of NNC, its principal operating subsidiary Nortel Networks Limited and its other Canadian subsidiaries that filed for creditor protection under the CCAA.
Clarke E. Glaspell Provides Notice of His Resignation as Controller of Nortel Networks Corp. and its Subsidiary, Nortel Networks Ltd
Sep 24 12
On September 21, 2012, Clarke E. Glaspell provided notice of his resignation as Controller of Nortel Networks Corp. and its principal operating subsidiary, Nortel Networks Ltd. (NNL) effective September 21, 2012. Mr. Glaspell's resignation is not as a result of any disagreement with the company or NNL. His resignation is in connection with the decision by Ernst & Young Inc., the court-appointed monitor in Nortel's creditor protection proceedings under the Companies' Creditors Arrangement Act (CCAA), after taking into account several factors arising from the advanced stage of the CCAA proceedings, that the expense and resources required to comply with the registrant's and NNL's quarterly and annual public reporting requirements can no longer be justified from the standpoint of the best interest of their creditors.
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