Nokia Solutions and Networks' Executive Chairman to depart after Microsoft deal

Nokia is already making a big management change ahead of the plan to sell its Devices and Services division to Microsoft. Today, the Finland company announced that Jesper Ovesen, the Executive Chairman of Nokia Solutions and Networks, will depart that position after the closing of the Microsoft deal, which is expected in the first quarter of 2014.

The press release says that Ovesen will continue to serve NSN in an advisory role for an undisclosed period of time after the agreement with Microsoft concludes. Ovesen joined NSN in 2011, back when the networking equipment division was known as Nokia Siemens Networks, in a joint venture with the Germany-based company. Nokia bought out Siemens' stake in August for $2.2 billion. Nokia later announced that Microsoft had already paid it a total of $2 billion ahead of the Devices and Services closing, in part so that the company could help finance the buyout of Siemens' NSN portion.

This will likely be the first of many management announcements from Nokia, with most to be made after the Microsoft-Devices and Services transaction is completed. Besides NSN, Nokia will also keep its HERE mapping and location section and its Advanced Technology business, which will give the company a total of 56,000 employees.

Source: Nokia | Image via Nokia

Report a problem with article
Previous Story

Samsung announces 8Gb LPDDR4 Mobile DRAM; will it show up in the Galaxy S5?

Next Story

Google to develop in-car technology for Audi

7 Comments - Add comment