Tuesday, June 14, 2005
Time flies when the job sucks
Last week Gary Daichendt, president and chief operating officer at Canadian telecommunications company Nortel Networks, resigned due to differences with Chief Executive Williams Owens. Daichendt served less than three months on the job, joining Nortel from Cisco Systems on March 14. Compare the two announcements below.
June 10, 2005
Nortel Announces Senior Management Changes
TORONTO – Nortel Networks Corporation today announced the resignation of Gary Daichendt, president and chief operating officer of the Company and Nortel Networks Limited, effective June 10, 2005. Bill Owens, vice chairman and chief executive officer, will assume these responsibilities."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. I respect him for his decision and I wish him every success in his future endeavors."
March 14, 2005
Nortel Announces Senior Management Appointments
Bill Owens Appointed Vice Chairman and CEO; Gary Daichendt Appointed President and COO
TORONTO – Nortel Networks Corporation announced that its Board of Directors has made senior management changes designed to strengthen the Company’s leadership team, drive global operational excellence and position Nortel for the future. Bill Owens, president and chief executive officer, will continue to drive the strategic direction of the Company while dedicating new senior executive talent to Nortel’s global operations and related functions.
To that end, Owens will become the vice chairman and CEO effective March 14, 2005. The Company further announced the appointment of Gary Daichendt to the position of president and chief operating officer, reporting to Owens. Daichendt is a senior executive with more than 30 years of experience in the global technology industry and was previously executive vice president, Worldwide Operations, Cisco Systems. Daichendt’s appointment is also effective March 14, 2005.
“We are playing to win,” Owens said, “and Gary will play a critical role in our doing so. He is a world class leader with unquestioned integrity and one of the top technology executives in the world. Gary’s deep involvement in the spectacular growth of some of the world’s leading technology powerhouses and his unique track record have given him a special perspective and experience that will optimally position our great Company for our customers, shareholders and employees. All of us at Nortel are very pleased with his decision to join us.” In his new role Daichendt will be responsible for leading Nortel’s carrier and enterprise businesses, research and development, services and supply chain functions and global sales and operations.
So the point is:
"Sometimes life is going to hit you in the head with a brick."
Apple CEO Steve Jobs in a commencement speech at Stanford University on Sunday
- posted by Woofwoof @ 9:27 PM
