Nokia and Siemens announce business unit and regional leaders for Nokia Siemens Networks

Nokia and Siemens announce business unit and regional leaders for Nokia Siemens Networks

Nokia and Siemens today announced the business unit and regional leadership team for Nokia Siemens Networks. These appointments will be effective when the new company starts operations, which is expected by January 1, 2007, subject to customary regulatory approvals, the completion of standard closing conditions, and the agreement of a number of detailed implementation steps.

Nokia and Siemens announced previously that Simon Beresford-Wylie would assume the position of Chief Executive Officer (CEO) at Nokia Siemens Networks; Mika Vehviläinen would serve as Chief Operating Officer (COO); Karl-Christoph Caselitz would serve as Chief Market Operations Officer (CMO); and Peter Schönhofer would serve as Chief Financial Officer (CFO). Activities relating to global supply, such as research and development, procurement, manufacturing, and delivery and logistics will report to the Chief Operating Officer; customer interface and local fulfillment, including sales and services will report to the Chief Market Operations Officer; and information technology and all finance and control activities will report to the Chief Financial Officer. Staff functions and the COO, CMO and CFO will report to the Chief Executive Officer.

“We are making excellent progress in planning for the start of operations at Nokia Siemens Networks,” said Simon Beresford-Wylie, who will assume the position of Chief Executive Officer at Nokia Siemens Networks immediately upon the closing of the merger. “We have drawn from the best people at both Nokia and Siemens to create a strong, customer-focused leadership team and I am proud to join with them in the new company.” Beresford-Wylie is currently Executive Vice President and General Manager of Networks at Nokia.

The business units of Nokia Siemens Networks will be global organizations with management and personnel distributed in many countries, including both Finland and Germany. Stephan Scholz, currently Senior Vice President and Head of Carrier Development in Siemens Communications, will lead the Research, Technology and Platforms organization, focusing on research, technology and cross-business unit synergies including common platforms.

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