Frank Dunn
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Frank A. Dunn is a Canadian business executive who was the Chief Executive Officer of Nortel Networks. In 2007, the U.S. Securities and Exchange Commission filed civil fraud charges against him, and three former senior executives, in a wide-ranging financial fraud scheme.[1]
[edit] Career with Nortel
Dunn joined Nortel Networks (when it was still known as Northern Electric) as a management trainee in 1976, after graduating from McGill University. He was appointed CFO in 1999 under CEO John Roth. After Roth retired, Dunn became the CEO in November, 2001 until he was fired for cause, along with several financial executives in April, 2004.
[edit] Financial controversies
He is under investigation by the U.S. Securities and Exchange Commission, as well as by the Ontario Securities Commission in Canada, and is charged for reporting faulty annual results since 2000. He is also named in several class action suits initiated by disgruntled shareholders. Construction was stopped on the multi-million dollar home that Dunn was building on prime lakefront property in Oakville, Ontario, and was listed for sale shortly after his dismissal from Nortel. The incomplete residence was sold in 2005 for $8,888,000.00.
[edit] References
- ^ "SEC Charges Four Former Senior Executives of Nortel Networks Corporation in Wide-Ranging Financial Fraud Scheme". Retrieved on 2007-03-12.
| Preceded by John Roth |
CEO of Nortel Networks 2001—2004 |
Succeeded by William Owens (Admiral) |
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