Two top executives at Nortel Networks have left the company just a few months after taking up their posts.
Gary Daichendt, Nortel's president and chief operating officer, is stepping down because of differences with CEO Bill Owens, the company said on Friday. Daichendt had been appointed as president and COO in March. He had earlier been a senior executive at Cisco Systems.
"Gary has made a major contribution to Nortel during his time here and has added value to our strategic initiatives and business plan," Owens said in a statement. "It has become apparent to Gary and me, however, that we have divergent management styles and our business views differ."
Owens, who is also vice chairman at the networking equipment maker, will take over as president and COO. The change takes place immediately.
Also leaving the troubled company is Chief Technical Officer Gary Kunis, who was named to that post in April. His two-month tenure is only a little shorter than that of his predecessor, who had taken the CTO post in October 2004. Kunis had worked at Cisco with Daichendt.
Nortel has been through a number of executive changes in recent months.
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
Whether Apple will release a new iPad next month doesn't seem to be the question as much as what day it will happen. A new rumor has it down to the day.
Tommy Jordan, the man who shot his daughter's laptop for YouTube, gets a visit from police and child protection services. Oh, and Good Morning America.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
As UC Berkeley students, the co-founders of "Back to the Roots" discovered they could grow mushrooms using recycled coffee grounds. Now their mushroom kit sells at grocery stores across the country.
Join the conversation