Resolving these important issues will enhance the company's ability to focus on our transformation and renewal priorities and our customers.
More Quotes from Mike Zafirovski:
Our priority is to have accurate financial information. Although the need to restate certain financial statements is unfortunate, it's the right thing to do. This revenue is real - it was recognized in the wrong periods. The restatements do not affect the Company's cash position. The extensive contract review we undertook in 2005 underscores our commitment to ensure a solid foundation for this Company going forward. Though it will take time, our unwavering commitment to be among the top companies in the world in corporate governance and business and financial controls remains.Mike Zafirovski
Unfortunately, this was a necessary next step for us to achieve renewal and stay competitive in today's dramatic business environment, particularly given the current slowdown in the economy.
Mike Zafirovski
There's a sense of confidence and optimism about the future.
Mike Zafirovski
With his experience at GE, ATT, The Home Depot and Motorola, Dennis brings to Nortel an impeccable business pedigree. As I continue to strengthen the Company's leadership team, it's critical that we have individuals with global business experience working for world-class companies. Dennis will play a key role in driving the cultural and business transformation at Nortel that will be essential to the Company's future success.
Mike Zafirovski
As we head into a new chapter in Nortel's history, our global headquarters will reflect both the proud heritage of Nortel and the exciting journey that lies ahead. As well as being home to many of Nortel's corporate functions, The West Mall site will utilize Nortel's sophisticated solutions to showcase how we deliver innovative communications capabilities.
Mike Zafirovski
This appointment marks my commitment to maintaining Nortel's technology and innovation leadership. George's extensive knowledge of telecom and technology combined with his business acumen, strategic orientation and MA experience will complement our strong leadership team and position the company for a successful future as we simplify our business, develop next-generation products and solutions, and focus on long-term, profitable growth.
Mike Zafirovski
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