Nokia Names New CEO, New Strategy
Nokia's board of directors have elected Rajeev Suri to the position of President and CEO of Nokia. Suri, who has been with Nokia since 1995 and has led its network business from 2009, will take his new role on May 1. Nokia sold its Devices and Services business to Microsoft on April 25. With the sale complete, Nokia is reorganizing itself into three main businesses moving forward: networks, HERE location, and technologies. The networks unit will continue to support network operators in their expansion of LTE, as well as prepare for the internet of things by creating low-power connectivity products. Nokia's HERE location unit will target cars, wearables, and business-side analytics. Nokia's technologies group will continue to research, develop, and patent new technologies and license them to other companies. "I am honored to have been asked to take this role, and excited about the possibilities that lie in our future," said Rajeev Suri. "Nokia, with its deep experience in connecting people and its three strong businesses, is well-positioned to tap new opportunities during this time of technological change. I look forward to working with the entire Nokia team as we embark on this exciting journey." Nokia no longer makes mobile phones.
Nokia to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.
Nokia Dishes More On Possible Phone Plans
Nokia CEO Rajeev Suri today reiterated that the company would like to return to the phone business, but said it is in no rush. Speaking at the Mobile World Congress trade show, Suri noted that Nokia will not manufacture its own handsets, but will instead license its brand to an outside manufacturer.
Nokia Will Design and License Phones Beginning In 2016
Nokia CEO Rajeev Suri said the company will tackle the mobile phone industry again once its non-compete clause with Microsoft expires next year. Nokia no longer owns any manufacturing facilities and will not make its own phones.
Nokia Gains Control of Alcatel-Lucent
Nokia today said it has officially taken the reigns of Alcatel-Lucent after its public exchange offer for Alcatel-Lucent was accepted by the French stock market authority. Nokia expects to merge the two companies in order to form a telecommunications powerhouse to compete against Ericsson, ZTE, and others.