Nokia announced a corporate restructuring aimed at re-focusing its business “on convergence, new mobility markets and growth.” The change follows the reorganization of Nokia Mobile Phones into nine business units in the spring of 2002. The new structure consists of four business groups, corporate-wide sales, marketing, logistics, manufacturing and technology units, as well as a corporate strategy, development and research unit. The four business groups are:
- Mobile Phones — which offers a global range of mobile phones for large consumer segments. The group is headed by Olli-Pekka Kallasvuo.
- Multimedia — which focuses on bringing mobile multimedia to consumers in the form of images, games, music and a range of other attractive content. The group is headed by Anssi Vanjoki.
- Networks — which offers network technology and related services based on major wireless standards. The group is headed by Sari Baldauf.
- Enterprise Solutions — which provides a range of terminals and mobile connectivity solutions based on end-to-end mobility architecture. A general manager for the group will be announced later.
The changes will be in effect as of January 1, 2004.
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