Nokia Makes Sweeping Organizational Changes
In concert with its changed smartphone strategy, Nokia announced that it will re-organize its internal structure moving forward. Nokia will now have two main units: Smart Devices, and Mobile Phones. The Smart Devices unit will be responsible for Windows Phone 7, Symbian and MeeGo products and it will be led by Jo Harlow. The Mobile Phones unit will be responsible for low-cost products aimed at developing markets and it will be led by Mary McDowell. Nokia has also re-cast its leadership chart. The Nokia Leadership Team includes Stephen Elop, Esko Aho, Juha Akras, Jerri DeVard, Colin Giles, Rich Green, Jo Harlow, Timo Ihamuotila, Mary McDowell, Kai Oistamo, Tero Ojanpera, Louise Pentland and Niklas Savander. The organizational changes go into effect starting April 1.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.
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 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 Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion.
NOKIA: FUTURE IS DEAD (SELL YOUR STOCK)