Mobile business head of Nokia set to quit

Anssi Vanjoki, the head of Nokia’s mobile solutions business, recently announced that he is about to resign from the company. His resignation came in wake of world’s biggest handset maker appointing a new CEO in its bid to become more competitive.

Redeye analyst Greger Johansson said some people within the company have blamed the failures on Vanjoki after Nokia displayed disappointing performance and trailed in the high-end smartphone segment.

From Timesofindia.indiatimes.com:

Vanjoki, a board member who was in charge of top-end mobile phones an area Nokia is keen on improving as it tries to rival Apple, will remain for a six-month notice period. His departure comes after Nokia announced on Friday that it is replacing chief executive officer Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop on September 21. With Nokia’s stock down more than 20% this year after two profit warnings, the company’s management has come under increasing pressure from investors.

Vanjoki was expected to replace outgoing CEO Olli-Pekka Kallasvuo but drifted away from the top management after Nokia reshuffled responsibilities earlier this year.

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