Colin Giles to leave Nokia, Nokia streamlines sales management
(Thomson Reuters ONE) -
Nokia Corporation
Stock exchange release
April 19, 2012 at 13.05 (CET+1)
Espoo, Finland - Today Nokia announced that Colin Giles, executive vice
president of sales and a member of the Nokia Leadership Team, will step down
from his position and the Nokia Leadership Team effective June 30, 2012. After
many years of travel, Giles has decided to leave the company on to be closer to
his family.
With Giles departure, Nokia will restructure the sales organization by reducing
a layer of sales management to ensure greater customer focus and providing
senior leaders greater visibility into market dynamics. Effective immediately,
Nokia's four regional senior vice presidents and the lead of sales operations
will report directly to Niklas Savander, executive vice president of markets.
The regional senior vice presidents include Chris Weber for the Americas; Shiv
Shivakumar for India, Middle East and Africa; Olivier Puech for Asia Pacific and
Victor Saeijs for Europe and Eurasia.
"Our structure is focused on ensuring that the sales organization is aligned
with local customer requirements, market-by-market competitive issues and
country-specific sales and marketing tactics," said Savander. "As a result of
reducing layers, we can increase the speed at which we execute sales activities
and improve the collaboration between our business groups and our team on the
ground."
Giles joined Nokia in 1992 and has served in a number of marketing and sales
roles across the company. Giles was instrumental in building Nokia's presence in
Asia and China and expanded Nokia's sales and marketing efforts in many regions
around the world. Most recently he led the global sales organization during
Nokia's transition. Colin will stay with Nokia until June 30, 2012, to help
establish the new structure.
"Colin's leadership has been very valuable as we shifted Nokia's strategy and
aligned the sales organization around our new product families, Lumia and Asha,"
said Stephen Elop, president and CEO. "We appreciate the commitment that Colin
has demonstrated to Nokia over the years, and we wish him much success as he
takes the next step in his career."
About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak
to one another. Nokia's technological and design innovations have made its brand
one of the most recognized in the world. For more information, visit
http://www.nokia.com/about-nokia
Forward-looking statements
It should be noted that certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) the expected plans and benefits of our partnership with Microsoft to bring
together complementary assets and expertise to form a global mobile ecosystem
for smartphones; B) the timing and expected benefits of our new strategies,
including expected operational and financial benefits and targets as well as
changes in leadership and operational structure; C) the timing of the deliveries
of our products and services; D) our ability to innovate, develop, execute and
commercialize new technologies, products and services; E) expectations regarding
market developments and structural changes; F) expectations and targets
regarding our industry volumes, market share, prices, net sales and margins of
our products and services; G expectations and targets regarding our operational
priorities and results of operations; H) expectations and targets regarding
collaboration and partnering arrangements; I) the outcome of pending and
threatened litigation; J) expectations regarding the successful completion of
acquisitions or restructurings on a timely basis and our ability to achieve the
financial and operational targets set in connection with any such acquisition or
restructuring; and K) statements preceded by "believe," "expect," "anticipate,"
"foresee," "target," "estimate," "designed," "aim", "plans," "will" or similar
expressions. These statements are based on management's best assumptions and
beliefs in light of the information currently available to it. Because they
involve risks and uncertainties, actual results may differ materially from the
results that we currently expect. Factors that could cause these differences
include, but are not limited to: 1) our success in the smartphone market,
including our ability to introduce and bring to market quantities of attractive,
competitively priced Nokia products with Windows Phone that are positively
differentiated from our competitors' products, both outside and within the
Windows Phone ecosystem; 2) our ability to make Nokia products with Windows
Phone a competitive choice for consumers, and together with Microsoft, our
success in encouraging and supporting a competitive and profitable global
ecosystem for Windows Phone smartphones that achieves sufficient scale, value
and attractiveness to all market participants; 3) the difficulties we experience
in having a competitive offering of Symbian devices and maintaining the economic
viability of the Symbian smartphone platform during the transition to Windows
Phone as our primary smartphone platform; 4) our ability to realize a return on
our investment in next generation devices, platforms and user experiences; 5)
our ability to produce attractive and competitive feature phones, including
devices with more smartphone-like features, in a timely and cost efficient
manner with differentiated hardware, software, localized services and
applications; 6) the intensity of competition in the various markets where we do
business and our ability to maintain or improve our market position or respond
successfully to changes in the competitive environment; 7) our ability to
retain, motivate, develop and recruit appropriately skilled employees; 8) our
ability to effectively and smoothly implement the new operational structure for
our businesses, achieve targeted efficiencies and reductions in operating
expenses; 9) the success of our Location & Commerce strategy, including our
ability to maintain current sources of revenue, provide support for our Devices
& Services business and create new sources of revenue from our location-based
services and commerce assets; 10) our success in collaboration and partnering
arrangements with third parties, including Microsoft; 11) our ability to
increase our speed of innovation, product development and execution to bring new
innovative and competitive mobile products and location-based or other services
to the market in a timely manner; 12) our dependence on the development of the
mobile and communications industry, including location-based and other services
industries, in numerous diverse markets, as well as on general economic
conditions globally and regionally; 13) our ability to protect numerous patented
standardized or proprietary technologies from third-party infringement or
actions to invalidate the intellectual property rights of these technologies;
14) our ability to maintain and leverage our traditional strengths in the mobile
product market if we are unable to retain the loyalty of our mobile operator and
distributor customers and consumers as a result of the implementation of our
strategies or other factors; 15) the success, financial condition and
performance of our suppliers, collaboration partners and customers; 16) our
ability to manage efficiently our manufacturing and logistics, as well as to
ensure the quality, safety, security and timely delivery of our products and
services; 17) our ability to source sufficient amounts of fully functional
quality components, sub-assemblies, software and services on a timely basis
without interruption and on favorable terms; 18) our ability to manage our
inventory and timely adapt our supply to meet changing demands for our products;
19) any actual or even alleged defects or other quality, safety and security
issues in our product; 20) the impact of a cybersecurity breach or other factors
leading to any actual or alleged loss, improper disclosure or leakage of any
personal or consumer data collected by us or our partners or subcontractors,
made available to us or stored in or through our products; 21) our ability to
successfully manage the pricing of our products and costs related to our
products and operations; 22) exchange rate fluctuations, including, in
particular, fluctuations between the euro, which is our reporting currency, and
the US dollar, the Japanese yen and the Chinese yuan, as well as certain other
currencies; 23) our ability to protect the technologies, which we or others
develop or that we license, from claims that we have infringed third parties'
intellectual property rights, as well as our unrestricted use on commercially
acceptable terms of certain technologies in our products and services; 24) the
impact of economic, political, regulatory or other developments on our sales,
manufacturing facilities and assets located in emerging market countries; 25)
the impact of changes in government policies, trade policies, laws or
regulations where our assets are located and where we do business; 26) the
potential complex tax issues and obligations we may incur to pay additional
taxes in the various jurisdictions in which we do business; 27) any disruption
to information technology systems and networks that our operations rely on; 28)
unfavorable outcome of litigations; 29) allegations of possible health risks
from electromagnetic fields generated by base stations and mobile products and
lawsuits related to them, regardless of merit; 30) Nokia Siemens Networks
ability to implement its new strategy and restructuring plan effectively and in
a timely manner to improve its overall competitiveness and profitability; 31)
Nokia Siemens Networks' success in the telecommunications infrastructure
services market and Nokia Siemens Networks' ability to effectively and
profitably adapt its business and operations in a timely manner to the
increasingly diverse service needs of its customers; 32) Nokia Siemens Networks'
ability to maintain or improve its market position or respond successfully to
changes in the competitive environment; 33) Nokia Siemens Networks' liquidity
and its ability to meet its working capital requirements; 34) Nokia Siemens
Networks' ability to timely introduce new competitive products, services,
upgrades and technologies; 35) Nokia Siemens Networks' ability to execute
successfully its strategy for the acquired Motorola Solutions wireless network
infrastructure assets; 36) developments under large, multi-year contracts or in
relation to major customers in the networks infrastructure and related services
business; 37) the management of our customer financing exposure, particularly in
the networks infrastructure and related services business; 38) whether ongoing
or any additional governmental investigations into alleged violations of law by
some former employees of Siemens may involve and affect the carrier-related
assets and employees transferred by Siemens to Nokia Siemens Networks; and 39)
any impairment of Nokia Siemens Networks customer relationships resulting from
ongoing or any additional governmental investigations involving the Siemens
carrier-related operations transferred to Nokia Siemens Networks, as well as the
risk factors specified on pages 13-47 of Nokia's annual report Form 20-F for the
year ended December 31, 2011 under Item 3D. "Risk Factors." Other unknown or
unpredictable factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation to publicly
update or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally required.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: press.services(at)nokia.com
www.nokia.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NOKIA via Thomson Reuters ONE
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Datum: 19.04.2012 - 06:06 Uhr
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