It looks like the lure of being the top dog has promoted the departure of Nortel’s chief procurement officer. vice president and general manager, Network Partner Solutions, Global Services
John Haydon, a 25-year Nortel veteran who was promoted to the position early last year., is leaving next month to become president and COO with Breconbridge Manufacturing Solutions, a large electronics manufacturing and design company based in Ottawa.
Update: UBS said it considers Haydon’s departure “marginally negative for Nortel, particularly from a sentiment perspective as his departure adds to the list of recent executive departures at Nortel. Since YE2006, Nortel has lost its Chief Ethics Officer, CFO, Regional Presidents for the U.S. and CALA, and VP of IR – not an encouraging sign for a company in the midst of a critical transformation.”
Haydon was replaced in April…he is not Chief Procurement Officer, FYI. Thanks.
Turning Leaf
I believe to the contrary of the quoted statement. The old executives leaving is a good sign, it means that either they aren’t able to deal with the necessary changes to move the company forward, or aren’t able to do what is needed.
Mark Evans
Larry B: Thanks for the catch. I didn’t realize Jeff Townley had been appointed CPO in April.
Observer
I don’t know about UBS’ view of marginal given Nortel also lost their auditors of long time standing.
Paul Stevens
I support the marginal view because Nortel is overloaded with the type of administrative value that Haydon contributed to Nortel. I would think any of the GE recruits could handle that role. Six Sigma is very appropriate for that kind of function and the leader doesn’t have to be a subject matter expert in Nortel’s business to add value.
wuyt
1. UBS forgot losses of leaders of Europe sales, WIMAX, next gen core, China, CIO..
2. Loss of Haydon is no big deal – he seemed to be in a holding pattern anyway.
Haydon Leaving Nortel
It looks like the lure of being the top dog has promoted the departure of Nortel’s chief procurement officer. vice president and general manager, Network Partner Solutions, Global Services
John Haydon, a 25-year Nortel veteran who was promoted to the position early last year., is leaving next month to become president and COO with Breconbridge Manufacturing Solutions, a large electronics manufacturing and design company based in Ottawa.
Update: UBS said it considers Haydon’s departure “marginally negative for Nortel, particularly from a sentiment perspective as his departure adds to the list of recent executive departures at Nortel. Since YE2006, Nortel has lost its Chief Ethics Officer, CFO, Regional Presidents for the U.S. and CALA, and VP of IR – not an encouraging sign for a company in the midst of a critical transformation.”