Nortel chief resigns

Nortel Networks’ president and chief operating officer has resigned from the company after clashing with chief executive officer Bill Owens.

Nortel Networks’ president and chief operating officer (COO) has resigned from the company after clashing with chief executive officer Bill Owens. The company has also lost its chief technology officer in the cross-fire.

COO Gary Daichendt left the company last week and his former Cisco colleague Gary Kunis, the chief technology officer, went with him.

Owens will take on Daichendt’s responsibilities, but it is not clear who will take on Kunis’ brief.

“Gary has made a major contribution to Nortel during his time here and has added value to our strategic initiatives and business plan,” said Owens. “It has become apparent to Gary and me, however, that we have divergent management styles and our business views differ.”

Kunis joined Nortel when Daichendt arrived at the company. He had previously worked alongside him at Cisco.

Owens has only been in the hot seat for around a year, taking over the reins after his predecessor was ousted following the company’s recent financial scandal, which saw Nortel having to re-state several year’s-worth of accounts.

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