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Stabbed Nortel COO retires
So who will replace John Roth?
Nortel COO Clarence Chandran's life was turned upside dowhen he surprised three burglars in the house in Singapore he was living in at the time. In the ensuing struggle, Chandran was stabbed in the neck and upper abdomen.
That was in 1997. Four years later, those wounds have brought Chandran's career to a premature end.
Chandran(52) is retiring from the company on medical advice. In March, the networking equipment maker announced that Chandran would take a 6-12 months leave of absence to recuperate from complications following reconstructive surgery.
Chandran needs more time to recover and says that it is unfair to keep Nortel hanging on a string. But as COO, he was the favourite insider to replace Nortel CEO John Roth who had previously announced his intention to retire April 2002.
The company says it will immediately start the hunt for a new CEO, to ensure that there is a smooth succession in place. ®