Hey, Nortel Hires Chief Strategy Officer

Nortel has hired another senior executive but – for a change of pace – it’s not someone from General Electric. George Riedel has been named chief strategy officer, which makes him responsible for shaping strategy including business development, M&A, emerging technologies, market opportunities, and strategic partnerships. Riedel comes from a three-year stint at Juniper Networks where he was vice-president, strategy and corporate development. Before that, Riedel spent 15 years with McKinsey & CO. where he co-led the telecom and high-tech practices in North America and Asia. With six management appointments since Mike Z. took over in mid-November, all that appears left to do is find a chief technology officer. Update: Nortel also needs a chief marketing officer, as well as a head of services and head of Asian operations.

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