Feeds

Nortel Prez resigns after 12 gruelling weeks on the job

Respect all round

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Nortel president and COO Gary Daichendt has left the building after just three months on the job.

Nortel today made the uncomfortable, public admission that Daichendt and CEO Bill Owens did not agree about the company's direction. "It has become apparent to Gary and me . . . that we have divergent management styles and our business views differ," Owens said. "I respect him for his decision and I wish him every success in his future endeavors."

Owens will accept the president and COO roles.

Daichendt arrived at Nortel in March. He had previously served as a high-ranking executive at Cisco. Nortel also revealed that its CTO Gary Kunis - who once worked with Daichendt at Cisco - was leaving the company. Hmm.

Enter the standard, departure canned quotation.

"While making the decision to leave Nortel was a difficult one, my time with the company has confirmed that Nortel has world class technology and people," said Daichendt.

Last month, Nortel proudly announced that it put long-running accounting issues behind it. An accounting scandal resulted in the firings of many executives and financial restatements. Along with the accounting woes, Nortel has struggled to make headway in a consolidating telco market. ®

Related stories

Nortel earnings slide 75 per cent
Nortel files Q3 04
Nortel pinches Cisco exec

Combat fraud and increase customer satisfaction

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.