Nortel Loses Two Executives

Nortel Networks lost two senior executives on Friday after a clash of opinion in the executive offices.

Before the opening of stock markets, Nortel (TSX:NT) said Gary Daichendt, the company's president and chief operating officer, resigned effective immediately.
Daichendt had been in his post since mid-March.



Nortel also said chief technology officer Gary Kunis, who joined Nortel in April following the appointment of Daichendt, is also leaving the company. Full story