Nokia Siemens CEO Steps Down

Simon Beresford-Wylie is stepping down as CEO of Nokia Siemens Networks (NSN), saying he’s confident the telecom equipment maker has reached the right point of integration for him to pursue other opportunities.

He’s being replaced by Rajeev Suri, head of NSN’s services division. Suri will take over on Oct. 1, while Beresford-Wylie will stay until Nov. 1.

NSN, the joint venture between Nokia Corp. and Siemens AG, is the world’s second-largest telecom gear manufacturer, just behind Ericsson. NSN was formed about two years ago and recently has secured several hefty contracts, including with France Telecom’s Orange service in Spain and the U.K.

NSN also this summer tried to buy bankrupt Nortel’s wireless business in a move that would have expanded its international reach, but lost to Ericsson at auction.

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