Nortel’s Chief Tech Officer Resigns

Nortel Networks Corp., the world’s No. 1 supplier of fiber-optic network equipment, said its chief technology officer had resigned and been replaced by a senior executive with the company. Nortel said that Bill Hawe resigned Feb. 12 “to seek other opportunities.” The company appointed Jules Meunier to the job Monday. Nortel shares fell $1.13 to close at $18.87 on the NYSE.