Telecommunications giant Nortel is looking for a new executive vice-president and chief financial officer.

The Toronto-based company says Peter Currie will step down from those posts at Nortel and Nortel Networks Ltd. at the end of April. He will assist the company to ensure a smooth transition.

Nortel (TSX, NYSE:NT) provides communications capabilities in more than 150 countries around the world.

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CVRD Inco, a subsidiary of Companhia Vale do Rio Doce (CVRD), has named a new senior management team.

Murilo Ferreira has been appointed president and CEO, retaining his position as executive director of CVRD. Leonardo Moretzsohn, formerly director of internal controls at CVRD, has been named executive VP and CFO of CVRD Inco.

Ferreira will lead a CVRD Inco management team also comprising Mark Cutifani, COO; Peter Goudie, executive VP of marketing; Simon Fish, executive VP, general counsel and secretary; Scott McDonald, executive VP of human resources; and Phil du Toit, executive VP of Goro Nickel.

CVRD Inco is based in Toronto.

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Crystallex International Corp. (TSX, AMEX:KRY) has appointed Gordon Thompson as president and CEO. The financial services sector veteran was recently senior VP of corporate development of NCE Resources Group/Sentry Select Capital Corp.

Thompson replaces Todd Bruce, who has agreed to make himself available as a consultant as required.

Crystallex is a gold producer with significant operations and exploration properties in Venezuela. Its head office is in Toronto.

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Cott Corp. (TSX:BCB, NYSE:COT) has appointed Thomas Aruffo as chief information and shared services officer.

Aruffo was most recently divisional CIO for AmerisourceBergin Corp.

Cott Corp. is one of the world's largest non-alcoholic beverage companies and retailer brand soft-drink provider. Its head office is in Toronto.

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William Wells is the new CFO of Loblaw Companies Ltd. (TSX:L). He was most recently CFO of Bunge Ltd.

Loblaw Cos. also said in a release that Richard Mavrinac will be stepping down from his role as executive VP while Steve Smith, executive VP of financial control, has decided to leave.

Loblaw, a subsidiary of George Weston Ltd., is one of Canada's largest food distributors.

Weston says Mavrinac also will step down as its CFO by mid May after 25 years of service. Robert Vaux will become the new CFO after eight years as Weston's senior VP of corporate development.

George Weston is one of North America's largest food processing and distribution groups. Loblaw's headquarters are in Brampton and George Weston's in Toronto.

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International Nickel Ventures Corp. (TSX:INV) says chairman Jim Clucas has been appointed president and CEO. He replaces Roland Horst, who resigned to become CEO of a private company. Horst remains a director.

INV is a mineral resource company focused on nickel projects in Brazil. It is based in Toronto.

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YM BioSciences Inc. (TSX:YM, AMEX:YMI) has announced the departure of Gail Schulze, president of YM BioSciences and CEO of YM BioSciences USA Inc., and John E. Bennett, VP of corporate development of YM BioSciences USA Inc. Schulze remains a director.

YM is an oncology company that develops and commercializes differentiated products.

It is headquartered in Mississauga.

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Hill & Knowlton Canada has appointed Tonie Chaltas to the new position of chief integration officer. Chaltas will continue as national service leader of public affairs.

Hill & Knowlton Canada is a public relations firm with offices in eight cities. Its parent company, Hill & Knowlton Inc., is a member of WPP, one of the world's largest communications services groups.

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Celestica Inc. (TSX, NYSE:CLS) has appointed John Peri executive VP of global operations. He was previously president of Asia operations.

Celestica provides electronics manufacturing services with operations in Asia, Europe and the Americas. Its head office is in Toronto.

Equitable Group Inc.

has completed a leadership transition with Andrew Moor becoming president and CEO.

Moor was most recently president and CEO of Invis Inc.

Equitable provides first-mortgage financing through its wholly owned subsidiary, the Equitable Trust Co. Its head office is in Toronto.

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Armistice Resources Corp. (TSX:AZ) has appointed Erik Andersen, P. Eng., as vice-president and COO.

Mining industry veteran Andersen was most recently general manager with Nalunaq Gold Mine A/S.

Armistice owns an advanced underground gold project in northeastern Ontario. Its head office is in Toronto.

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Coretec Inc. (TSX:CYY) has hired Paul Brannen as VP of marketing and sales. He brings more than 15 years of sales and marketing management experience from the IT consulting, telecommunications and computing sectors.

Brannen replaces Jeff Canavor, who is no longer with the company.

Coretec also said that Anaya Vardya has resigned as COO.

Toronto-based Coretec designs and makes printed circuit boards.

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FMF Capital Group Ltd. (TSX:FMF.UN) says it has accepted the resignation of Edan King as co-CEO of FMF Capital Group, including his resignation from all of his elected or appointed positions with FMF Holdings LLC and FMF Capital LLC.

FMF Capital Group is a residential mortgage lending company that primarily funds non-prime loans in the U.S. Its head office is in Toronto.

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Odyssey Resources (TSXV:ODX) has appointed George Mihaleto as CEO. He joined Odyssey in June 2006 as business development manager.

Avrom Howard becomes VP of exploration to focus exclusively on Odyssey's Moroccan program.

Odyssey is a Toronto-based junior mining company active in Morocco.

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ARISE Technologies Corp. (TSXV:APV) has appointed Sjouke Zijlstra as VP and general manager for its proposed German operations, and David Ward as director of communications and investor relations.

Zijlstra has spent 34 years in the electronics and photovoltaic industries, for the last nine at Shell solar operations in Germany and The Netherlands. Ward has 16 years of experience in investor and public relations in Canada.

ARISE is dedicated to accelerating the use of solar energy in mainstream markets. Its head office is in Kitchener.

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Mark O'Connell has been appointed president and CEO by the Interac Association and Acxsys Corp.

He was most recently executive VP of the finance market at Emergis Inc., and for the past two years was Emergis's appointee to the Interac board of directors.

Interac is a not-for-profit organization responsible for developing the national Interac electronic financial network. The eight institutional shareholders of Acxsys are the architects of the Interac network.

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Aeroquest International Ltd. (TSXV:AQL) has named Stephen Balch chief geophysicist. He was most recently president and remains a director. Balch's responsibilities as president will be assumed by Roy Graydon, the company's CEO.

Aeroquest develops and operates proprietary airborne geophysical surveying platforms. Its head office is in Milton.

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Michael Fenn has been named CEO of the Greater Toronto Transportation Authority. For close to 20 years, Fenn has held positions in the public service. Prior to this appointment he was the city manager for Burlington and chief administrative officer of the regional municipality of Hamilton-Wentworth.

The GTTA is developing an integrated transportation plan for local transit, GO Transit and major roads in the GTA and Hamilton.

(E-mail notices and photos at least two weeks before publication date to murdoch@businessedge.ca)