Nokia to Restructure

Driven by the convergence of mobile communications and the Internet, Nokia said on Wednesday it will restructure the company as of Jan. 1, 2008.

Nokia said it expects the new organization to help it better manage its devices portfolio and get new products on the market, faster.

Growing consumer demand for rich, mobile experiences creates an opportunity for change, said Olli-Pekka Kallasvuo, Nokias CEO. Nokia will bring these capabilities to the broadest range of devices and price points.

Nokia will replace its business group and the device division with three main units. The Devices entity will develop new equipment. The Services & Software group will focus on consumer Internet services and enterprise software. The Markets division will manage Nokia’s supply chains, sales channels and marketing.

The company said it also will establish a Chief Development Office to support the integration of the three units.

After Jan. 1, Nokia will have two publicly accountable segments: Devices & Services, and Nokia Siemens Networks.

Kai Öistämö, head of the Mobile Phones Business Group, will lead the Devices unit. Niklas Savander, in charge of Technology Platforms, will take over Services & Software. Anssi Vanjoki, top officer for the Multimedia Business Group, will lead the Markets unit. Finally, Mary McDowell, who heads the Enterprise Solutions Business Group, will become chief development officer.


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