Nokia is planning to restructure its business next year in a bid to increase organisational efficiencies and position itself more in line with the areas it believes will be successful in the converged world.
The changes, which will see the mobile giant's current structure replaced by three business units focused on devices, services and software and markets, take effect from January 1. Financially, the company plans to report on two segments going forward: devices and services and Nokia Siemens Networks.
Nokia is hoping that the re-jig will help it to more effectively manage its device portfolio, speed up time to market and enhance the results gained by marketing and other product-centric activities.
The soon-to-be-created devices unit, to be headed by Kai istm who currently looks after Nokia's mobile phones business group, will be charged with ensuring that the company has the best device portfolio to offer businesses and consumers.
Services and software responsibilities will come under current technology platform head Niklas Savander's remit, while Anssi Vanjoki, who looks after the multimedia business group at present will take charge of the new markets division from January next year.
"Growing consumer demand for rich, mobile experiences creates an opportunity for change. Nokia will bring these capabilities to the broadest range of devices and price points. This unleashes the power of Nokia's device volumes, now coupled with new services and business solutions. This distinctive approach sets Nokia apart from point solutions vendors."
Kallasvuo added: "We believe this new organisation can capitalise on these opportunities while allowing us to increase the effectiveness of our investments and the efficiency of our operations."
