Nokia Siemens Networks' CFO Resigns With Immediate Effect

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Nokia Siemens Networks' Chief Financial Officer Marco Schroeter has resigned from the company with immediate effect. He joined the company as its CFO in February 2011.

The reason for his resignation was not made clear by the company, although the comments by CEO Rajeev Suri suggest a job offer elsewhere.

He is being replaced by the company's current chief operating officer, Samih Elhage  With Elhage's move to become CFO, the chief operating officer role will be discontinued.

"Samih has made significant contributions in his role as chief operating officer and is well prepared to step into the role of CFO," said Suri. "He has deep commercial skills and a strong command of company financials - competencies built over the years as an operating executive at Nortel and as a senior advisor to leading private equity and global management consulting firms."

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