Nokia (NOK) this morning announced another management and structural reorg; the Street, so far, seems skeptical that it will cure what ails the mobile phone giant, which reported disappointing Q1 financial results amid falling margins. This is, as the WSJ notes, the company’s second management reorg in 12 months.
The company will now have three major units: Mobile Solutions, Mobile Phones and Markets.
- Mobile Solutions will focus on “the company’s high-end mobile computer and smart phone portfolio,” and will include the MeeGo and Symbian software platforms. The unit will be run by Anssi Vanjoki. The MeeGo Computers unit will be run by Alberto Torres. Symbian Smartphones will be led by Jo Harlow. The Ovi services business will be run Tero Ojanpera; CTO will be Rich Green.
- The Mobile Phones unit will be focused on features phones. The unit will be run by Mary McDowell.
- Markets will include sales and marketing, supply chain management and sourcing. Markets will be headed by Niklas Savander.
Rick Simonson, who currently heads Mobile Phones, “has decided to retire,” but will remain a senior advisor.
NOK is down 30 cents, or 2.7%, to $10.93.
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