Telecommunications equipment giant Nortel Networks Corp. said that former chief financial officer Peter Currie will rejoin the company in that post effective Feb. 14.

Currie will replace departing CFO William Kerr, who is stepping down. Kerr assumed the post last year to lead the completion of the company's restatement, after the company fired former CFO Douglas Beatty along with its former chief executive and former controller amid a massive accounting scandal.

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