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Another top executive to resign from Nokia
Source: Agencies |
September 14, 2010, Tuesday
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Print Edition
Print Edition
THE head of Nokia Corp's mobile solutions business, Anssi Vanjoki, announced yesterday he will resign from the company, just three days after the world's biggest handset maker appointed a new CEO in its bid to become more competitive.
Vanjoki, a board member who was in charge of top-end mobile phones - an area Nokia is keen on improving as it tries to rival Apple - will remain for a six-month notice period.
His departure comes after Nokia announced last Friday that it is replacing CEO Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop on September 21.
With Nokia stock down more than 20 percent this year after two profit warnings, the company's management has come under increasing pressure from investors.
Nokia has specifically been trailing the market in the high-end smartphone segment and Redeye analyst Greger Johansson said some people within the company have blamed the failures on Vanjoki.
"This frees up some space to create change," he said.
Vanjoki, a board member who was in charge of top-end mobile phones - an area Nokia is keen on improving as it tries to rival Apple - will remain for a six-month notice period.
His departure comes after Nokia announced last Friday that it is replacing CEO Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop on September 21.
With Nokia stock down more than 20 percent this year after two profit warnings, the company's management has come under increasing pressure from investors.
Nokia has specifically been trailing the market in the high-end smartphone segment and Redeye analyst Greger Johansson said some people within the company have blamed the failures on Vanjoki.
"This frees up some space to create change," he said.
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