Family ties cited for leaving
By Zhu Shenshen |
April 21, 2012, Saturday
|
Print Edition
Print Edition
THE man who built Nokia's presence in Asia and China will leave the Finnish giant at the end of June, after the phone maker's Chinese revenue plunged 70 percent on an annual basis in the first quarter of this year.
Colin Giles, now executive vice president of sales and a member of the Nokia leadership team, will leave the company on June 30 to be closer to his family, Nokia said yesterday.
Struggling Nokia, which lost market share to Apple's iPhone and Android phone makers Samsung and HTC, posted a net loss of 929 million euros (US$1.2 billion) in the first quarter, down from a net profit of 344 million euros a year earlier.
In China, the world's biggest mobile phone market and Nokia's key regional market, Nokia's revenue dived 70 percent to 577 million euros in the first three months.
Giles joined Nokia in 1992 and built up Nokia China's marketing and sales network over 10 years.
"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," Nokia President and CEO Stephen Elop said.
Colin Giles, now executive vice president of sales and a member of the Nokia leadership team, will leave the company on June 30 to be closer to his family, Nokia said yesterday.
Struggling Nokia, which lost market share to Apple's iPhone and Android phone makers Samsung and HTC, posted a net loss of 929 million euros (US$1.2 billion) in the first quarter, down from a net profit of 344 million euros a year earlier.
In China, the world's biggest mobile phone market and Nokia's key regional market, Nokia's revenue dived 70 percent to 577 million euros in the first three months.
Giles joined Nokia in 1992 and built up Nokia China's marketing and sales network over 10 years.
"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," Nokia President and CEO Stephen Elop said.
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