NSN's Jesper Ovesen to Step Down As Executive Chairman

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Nokia has announced that Jesper Ovesen is to step down as Executive Chairman of Nokia Solutions and Networks (NSN) following the sale of Nokia's handset business to Microsoft.

The company did not elaborate on there being any link between the timing of the resignation and the sale of the mobile phones division.

Mr Ovesen joined NSN in September 2011, when it was a joint venture between Nokia and Siemens. Since August 2013, NSN has been fully-owned by Nokia.

Nokia Chairman and interim CEO Risto Siilasmaa said: "We thank Jesper for lending the full breadth of his restructuring and change management expertise and for playing a critical part in building a stronger NSN. NSN has developed into a profitable and leading mobile broadband specialist that is pushing the boundaries of connecting people through LTE and future technologies. We wish Jesper well for the future."

Mr. Ovesen will continue to serve in an advisory role for a period after the closing of the Microsoft transaction. As before, NSN's CEO Mr. Suri reports to the NSN Board.

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