Nokia Reorganizes its Corporate Structure

Nokia is reorganizing itself again, this time into three main units. In addition, Nokia will establish a Chief Development Office to optimize Nokia's strategic capabilities and growth potential and also provide operational support for integration across all these units in conjunction with the CEO.

• Devices, responsible for creating the best device portfolio for the marketplace;
• Services & Software, reflecting Nokia's strategic emphasis on growing its offering of consumer internet services and enterprise solutions and software;
• Markets, responsible for management of Nokia's supply chains, sales channels and marketing activities.

"The convergence of the mobile communications and internet industries is opening up new growth opportunities for us, both in the devices business as well as in consumer internet services and enterprise solutions. Growing consumer demand for rich, mobile experiences creates an opportunity for change. Nokia will bring these capabilities to the broadest range of devices and price points. This unleashes the power of Nokia's device volumes, now coupled with new services and business solutions. This distinctive approach sets Nokia apart from point solutions vendors," said Nokia CEO Olli-Pekka Kallasvuo. "We believe this new organization can capitalize on these opportunities while allowing us to increase the effectiveness of our investments and the efficiency of our operations."

From January 1, 2008 onwards, under the new structure, Nokia will have two reportable segments: Devices & Services, and Nokia Siemens Networks. Nokia will report on these two segments in its quarterly and annual results announcements.

The Devices unit will be headed by Kai

Posted to the site on 20th June 2007