Nortel Networks has retained executive level and leadership consulting services of Heidrick & Struggles International to advise the corporation on the appointment of a new chief executive officer to replace John Roth, current president and CEO, who plans to retire in April 2002. Roth`s plans to retire were announced on 11 May.
"With the assistance of Heidrick & Struggles, the board of directors is confident that we will have a strong slate of candidates from which to choose," said LR Wilson, chairman of the board, Nortel Networks Corporation. "We look forward to selecting the best person to guide the next phase of Nortel Networks growth and create long-term value for our shareholders, customers and employees."
"Nortel Networks is a leader in development of the high-performance Internet, and the opportunity to build on that success will appeal to a wide range of accomplished senior executives," said Gerard Roche, senior chairman, Heidrick & Struggles. "I look forward to personally leading the search for one of the pre-eminent positions in the Internet and communications sector."
More than 1 200 Heidrick & Struggles professionals operate from offices in over 75 locations throughout North and South America, Europe, the Middle East, Africa and Asia Pacific. For nearly 50 years, its core business - Heidrick & Struggles Executive Search - has specialised in chief executive, board member and senior-level management assignments for a broad spectrum of clients: multi-national corporations, mid-cap and start-up companies, non-profit entities, educational institutions, foundations, associations and governmental units. The firm is expanding its range of complementary services to offer solutions to senior management teams for their human capital needs.
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