RichardSimonson
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Nokia reshuffles management looking for gold
We're not alone in grumbling about Nokia. Investors are miffed -- to put it gently -- over Nokia's inability to ignite the industry (and profits) with innovative, high-margin handset sales since the launch of Apple's iPhone some three years ago. And let's not forget about that feisty upstart Google, Microsoft's revamped Windows Phone OS, or HP's new-found love for mobile devices. Investor unrest was made clear last week as Nokia shareholders gave CEO Olli-Pekka Kallasvuo an earful. But as slow moving as Nokia can be, it's not immune to the situation by any stretch. Following up on its announcement to combine services and devices, we now have details about Nokia's planned re-org, the second in seven months. The goal, as described by OPK, is as follows: "Nokia's new organizational structure is designed to speed up execution and accelerate innovation, both short-term and longer-term." The heat will be on Anssi Vanjoki (pictured) to deliver as he'll be assuming responsibility for the Mobile Solutions group on July 1st. That gives him direct control of Nokia's MeeGo Computers (led by Alberto Torres), Symbian Smartphones (headed by Jo Harlow), and Ovi Services (led by Tero Ojanpera) -- the holy trifecta that interests us the most. Mary McDowell will head the Mobile Phones unit while Niklas Savander will head up the Markets unit. The loser in all of this appears to be Richard Simonson, the former CFO currently leading the Mobile Phones unit, but soon to be retired. Full press release after the break.
