Nortel Needs a CEO. Interested?

Given the telecom's many woes, seems it'll be a tough sell. But by the time current CEO Roth leaves next year, the worst could be over

Who will replace John Roth, chief executive officer of Canadian telecom giant Nortel Networks (NT )? That's a question the markets have wanted an answer to ever since Roth announced on May 11 that he'll step down next April. His logical successor, Chief Operating Officer Clarence Chandran, has taken himself out of the running. With the company's May 30 announcement that it has retained executive recruiters Heidrick & Struggles, the search should kick into high gear in June.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.