by Erick Mott
Business changes are underway at Nokia, according to recent restructuring news posted on Unstrung. In addition to shifts in organization and financial reporting structures, acquisitions are anticipated.
The company's mobile device business accounted for 57 percent of revenues in the first quarter of this year. Nokia reported first quarter revenues of €9.856 billion (US$13.2 billion), of which €5.583 billion ($7.5 billion) came from mobile phones. Nokia recently stated that it expected to increase its global device market share in the second quarter from its estimated 36 percent in the first quarter of this year.
Dr. Kai Öistämö, head of the mobile phone business group, will
lead the new devices unit. Niklas Savander, who runs the technology
platforms group, will move to head up the services and software unit. Anssi Vanjoki, head of the multimedia business group, will move to
lead the new markets unit and Mary McDowell, head of the enterprise
solutions business, will take on the chief development officer position.
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