Nokia appoints new division head


Nokia’s company restructure has progressed with the company announcing a new head of its Mobile Phones division, which is to drive the development of media rich platforms in standard devices.

Nokia chief financial officer Rick Simonson has been appointed to the head of the new Mobile Phones entity within the Devices unit. He begins on November 1. Simonson will also head strategic sourcing for the whole of the devices unit.

Simonson joined Nokia in 2001 and has been chief financial officer since 2004. He will continue to be a member of the group executive board.
‘Mobile phones’ is one of two new entities within the Devices unit that came into operation on October 1, the other being Smartphones. Mobile Phones is responsible for the portfolio, product and lifecycle management of all Series 30 and Series 40 devices, which the company said accounts for more than half of Devices & Services net sales.

Nokia global head of sales Timo Ihamuotila will replace Simonson as chief financial officer from November 1. Ihamuotila first joined Nokia in 1993 and has held the position of Nokia corporate treasurer as well as several other senior positions in areas such as portfolio management of devices and most recently global sales of devices and services. Ihamuotila will also continue to be a member of the Group Executive Board.
Nokia chief executive Olli-Pekka Kallasvuo (pictured) said: “After six successful years as chief financial officer, it is great to have Rick move to such an important operational role. Rick Simonson’s deep knowledge of the business and its financials will be valuable for the significant part Mobile Phones plays in Nokia’s business. In addition to his background in finance, Timo Ihamuotila’s expertise from leading a diverse range of business areas will be a tremendous asset in his position as chief financial officer.”