4/19/2012 11:52:30 AM
Nokia restructures sales team after poor Q1 results
Nokia is restructuring its sales team, with Colin Giles, executive VP of sales, leaving the business at the end of June.
The manufacturer said his decision was motivated by a desire to be closer to his family after many years of travel. The announcement was made shortly after Nokia posted poor Q1 results, with net sales down 40% to €7.4bn.
Nokia said the restructure would strip out a level of sales management, which would 'ensure greater customer focus and [provide] senior leaders greater visibility into market dynamics'. The company's four regional senior VPs and head of sales will report directly to Niklas Savander, executive VP of markets. Victor Saeijs will be responsible for Europe and Eurasia.
Nokia CEO Stephen Elop said: 'Colin's leadership has been very valuable as we shifted Nokia's strategy and aligned the sales organisation around our new product families, Lumia and Asha. We appreciate the commitment that Colin has demonstrated to Nokia over the years, and we wish him much success as he takes the next step in his career.'
Editor: Graeme Neill