Nortel

(NT)

tapped Gary Daichendt, former No. 2 executive at

Cisco

(CSCO) - Get Report

, as its president.

As president and COO, Daichendt will report to Nortel CEO Bill Owens.

Daichendt was head of worldwide operations at Cisco before he resigned in December 2000. Since then, he has served on the board of Oxnard, Calif.-based Chromux, an optical-equipment shop. Daichendt has also been a director at Walk Thru The Bible, a Christian leadership organization.

Additionally, he joined the board of ClickAction in 2000. ClickAction was purchased by direct mail database keeper

infoUSA

(IUSA)

in 2002.

Nortel ousted its previous CEO Frank Dunn and several other executives last year as part of the company's

bonusgate accounting scandal.

Gary Daichendt

Source: Christianity.com

Industry observers had thrown around names like former

Motorola

(MOT)

No. 2 Mike Zafirovski, as well as recently fired

Hewlett-Packard

(HPQ) - Get Report

chief Carly Fiorina, as possible replacements for Owens should he decide to step down.