Nokia Restructures; Rolling All Phone Groups Togethers

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Nokia is restructuring its business units, again: starting Jan 1 next year, it will divide its business into three units: devices, services & software, and markets, and will have two reportable segments: devices and services, and Nokia Siemens Networks, the joint venture it runs with Siemens AG, reports DJN. The company said the restructuring will help it improve its device portfolio and speed up the time to market for new products.

Some changes on the management side: Kai Oistamo, currently head of Nokia’s Mobile Phones division, will head up the new Devices unit. Niklas Savander will lead the Services and Software division. Nokia’s current head of its growing Multimedia business, Anssi Vanjoki, will take charge of the new Markets unit. Mary McDowell, currently head of its enterprise division, will become Nokia’s Chief Development Officer.

IDG: The new Device unit, as it will be called, will produce all of Nokia’s mobile devices, including more traditional mobile phones, as well as Internet-enabled devices like the N series. The products were previously produced by three separate divisions, for mobile phones, multimedia, and enterprise solutions.

The services & software unit will also be in charge of all software products, including games, and Internet services, including navigation and music, that consumers can purchase separately. More details on this in the release.

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About time they realized that more than one hardware group simply created infighting and no synergy. Now, the stock will continue it current upward climb!

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