Nokia announces changes in its organization and Group Leadership Team to accelerate the execution of company strategy
(Thomson Reuters ONE) -
Nokia Corporation
Stock Exchange Release
March 17, 2017 at 8.30 EET (CET +1)
Nokia announces changes in its organization and Group Leadership Team to
accelerate the execution of company strategy
Espoo, Finland - Nokia today announced changes in its organizational structure
and Group Leadership Team (GLT), effective from April 1, 2017.
"These changes are designed to accelerate the execution of our strategy," said
Nokia President and CEO Rajeev Suri. "They will strengthen our ability to
deliver strong financial performance, drive growth in services, meet changing
customer demands in mobile networks, achieve our cost saving and ongoing
transformation goals, and enable strategic innovation across our networks
business."
The organizational changes announced today include the separation of Nokia's
current Mobile Networks business group into two distinct, but closely linked,
organizations: one focused on products and solutions, called Mobile Networks,
and the other on services, called Global Services. In addition, the company's
Chief Innovation and Operating Officer (CIOO) organization will be split, with
its current operating activities moved to a newly-appointed Chief Operating
Officer (COO) organization, innovation activities to Nokia's Chief Technology
Officer and incubation to Nokia's Chief Strategy Officer.
Leadership changes announced today include the following:
* Marc Rouanne, currently Chief Innovation and Operating Officer, will become
President of the Mobile Networks business group, responsible for mobile
products and solutions, including 4G, 5G, cloud core, small cells and other
advanced mobile solutions. Rouanne will remain on the GLT, reporting to
Suri.
* Igor Leprince, currently Executive Vice President of Global Services, will
take the role of President of Global Services, a new business group
comprised of the Services organization that currently resides within the
existing Mobile Networks business group, including company-wide managed
services. Leprince will join the GLT as a new member, reporting to Suri.
* Monika Maurer, currently Chief Operating Officer of Fixed Networks, will
assume the position of Group COO, responsible for Nokia's operating model,
Global Operations (manufacturing and supply chain), procurement,
implementation of cost saving and ongoing transformation activities,
information technology, real estate, and quality. Maurer will join the GLT
as a new member, reporting to Suri.
* Marcus Weldon, currently President of Nokia Bell Labs and Chief Technology
Officer, will retain those responsibilities and join the GLT as a new
member, reporting to Suri.
* Kathrin Buvac, Chief Strategy Officer, will assume additional
responsibilities for incubation of select new business opportunities, and
Barry French, Chief Marketing Officer, will assume additional
responsibilities for Health, Safety, Security and Environment. They will
both remain on the GLT, reporting to Suri.
* With the integration of Alcatel-Lucent largely complete, Samih Elhage has
decided to leave Nokia to pursue new opportunities. Elhage will continue in
his current role and as a member of the GLT until April 1, 2017, and will
remain as an advisor to the company through May 31, 2017.
"From helping lead the transformation at Nokia Siemens Networks and creating a
disciplined operating model that remains a competitive advantage, to being one
of the driving forces behind the acquisition of Alcatel-Lucent and its fast and
successful integration, Samih's contributions to Nokia have been remarkable,"
said Suri. "He has been a close friend and advisor through times both good and
bad, and I fully support his desire for a change."
"I am proud of what I was able to accomplish during my time at Nokia and leave
confident that the company is extremely well-positioned for the future," said
Elhage.
As a result of these changes, all of which are effective from April 1, 2017, the
Nokia GLT will consist of the following members: Rajeev Suri, Kristian Pullola,
Monika Maurer, Basil Alwan, Bhaskar Gorti, Federico Guillén, Igor Leprince, Marc
Rouanne, Ashish Chowdhary, Hans-Jürgen Bill, Kathrin Buvac, Barry French, Maria
Varsellona and Marcus Weldon.
Additional background on the new members of the GLT can be found at
www.nokia.com/en_int/investors/corporate-governance/group-leadership-team
The company will continue to report financial information for Ultra Broadband
Networks, IP Networks and Applications and Nokia Technologies. Ultra Broadband
Networks will be composed of the Mobile Networks, Global Services and Fixed
Networks business groups. IP Networks and Applications will continue to be
composed of the IP/Optical Networks and Applications & Analytics business
groups.
About Nokia
Nokia is a global leader innovating the technologies at the heart of our
connected world. Powered by the research and innovation of Nokia Bell Labs, we
serve communications service providers, governments, large enterprises and
consumers, with the industry's most complete, end-to-end portfolio of products,
services and licensing.
From the enabling infrastructure for 5G and the Internet of Things, to emerging
applications in virtual reality and digital health, we are shaping the future of
technology to transform the human experience. www.nokia.com
Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services(at)nokia.com
Forward-Looking Statements
It should be noted that Nokia and its businesses are exposed to various risks
and uncertainties and certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) our ability to integrate Alcatel-Lucent into our operations and achieve the
targeted business plans and benefits, including targeted synergies in relation
to the acquisition of Alcatel-Lucent; B) expectations, plans or benefits related
to our strategies and growth management; C) expectations, plans or benefits
related to future performance of our businesses; D) expectations, plans or
benefits related to changes in organizational and operational structure as well
as changes in our Group Leadership Team; E) expectations regarding market
developments, general economic conditions and structural changes; F)
expectations and targets regarding financial performance, results, operating
expenses, taxes, currency exchange rates, hedging, reportable segments, cost
savings and competitiveness, as well as results of operations including targeted
synergies and those related to market share, prices, net sales, income and
margins; and G) statements preceded by or including "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate," "designed," "aim,"
"plans," "intends," "focus," "continue," "project," "should," "will" or similar
expressions.
These statements are based on management's best assumptions and beliefs in light
of the information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors, including risks and uncertainties that could cause
these differences include, but are not limited to: 1) our ability to execute
our strategy, sustain or improve the operational and financial performance of
our business and correctly identify and successfully pursue business
opportunities or growth; 2) our ability to achieve the anticipated benefits,
synergies, cost savings and efficiencies of the Alcatel-Lucent acquisition, and
our ability to implement our organizational and operational structure as well as
changes in our Group Leadership Team efficiently; 3) general economic and market
conditions and other developments in the economies where we operate; 4) our
ability to manage and improve our financial and operating performance, cost
savings, competitiveness and synergies after the acquisition of Alcatel-Lucent;
and 5) our ability to retain, motivate, develop and recruit appropriately
skilled employees, as well as the risk factors specified on pages 69 to 87 of
our annual report on Form 20-F filed on April 1, 2016 under "Operating and
financial review and prospects-Risk factors", and in Nokia's other filings with
the U.S. Securities and Exchange Commission. Other unknown or unpredictable
factors or underlying assumptions subsequently proven to be incorrect could
cause actual results to differ materially from those in the forward-looking
statements. We do not undertake any obligation to publicly update or revise
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent legally required.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 17.03.2017 - 07:31 Uhr
Sprache: Deutsch
News-ID 530833
Anzahl Zeichen: 10219
contact information:
Town:
Espoo
Kategorie:
Business News
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