updated 11:35 am EDT, Fri October 16, 2009
Nokia swaps phone execs, splits groups
Nokia took drastic action to improve its ailing smartphone business through a swap of executives as well as a reorganization of the company itself. Its Devices group has been split into a group for Smartphones, covering more advanced devices, as well as Mobile Phones, for its conventional Symbian S30 and S40 cellphones. The firm has also taken the unusual step of moving its chief financial officer, Rick Simonson, to head up the Mobile Phones group.
Simonson's newly vacated CFO position will be filled by the current head of worldwide sales, Timo Ihamuotila. Both changes take effect November 1st.
The organizational shuffle is an acknowledgment of Nokia's mounting problems with smartphone share, which has for a second time fallen to 35 percent. Aside from the 5800 XpressMusic, the N97 nearly all of its other flagship smartphones have failed to garner strong sales and prevent some customers from jumping to newer platforms like Android, BlackBerry or iPhone. Only a handful of Nokia's current and known future smartphones are touchscreen models, and all so far use the relatively old Symbian S60.