Nokia Solutions chairman to step down after Microsoft deal

Mon Dec 30, 2013 7:28am EST
 
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HELSINKI (Reuters) - Nokia said the chairman of its networking equipment unit, Nokia Solutions and Networks (NSN), will step down following the sale of the Finnish company's mobile phone business to Microsoft.

Jesper Ovesen, who joined NSN in 2011 when it was still a joint venture between Nokia and Siemens, will continue for a while as an advisor after the mobile phone business is transferred to Microsoft, Nokia said on Monday.

Markets expect more details on the new management structure at Nokia and its equipment business to be announced after the deal is closed, which is expected to happen in the first quarter of 2014.

(Reporting by Ritsuko Ando; Editing by Anthony Barker)

 
A Nokia mobile phone lies on a tablet computer showing logos of Microsoft, in this illustration picture taken in Frankfurt, November 18, 2013. REUTERS/Kai Pfaffenbach