Nokia simplifies its organizational structure t...

NOKIA / Nokia simplifies its organizational structure to accelerate execution and innovation processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Nokia Corporation
Stock exchange release
May 11, 2010 at 14:00 (CET +1)

Espoo, Finland - To increase competitiveness and deliver a stronger and more
differentiated consumer experience, Nokia will introduce a simplified company
structure for its devices and services business comprised of three units: Mobile
Solutions, Mobile Phones and Markets. Effective July 1, 2010, the move aims to
accelerate product innovation and software execution in line with the company's
goals of integrating content, applications and services into its mobile
computer, smartphone and mobile phone portfolio.

The new Mobile Solutions unit will concentrate on the company's high-end mobile
computer and smartphone portfolio.  Based on both the MeeGo and Symbian software
platforms respectively, these devices will be tightly integrated with Nokia's
Internet services to increase the combined value for consumers.

The renewed Mobile Phones unit will focus on maintaining Nokia's leadership in
the feature-rich mobile phone market and driving the direction of Series 40, the
world's largest mobile operating system. Both the Mobile Solutions and Mobile
Phones units will have dedicated portfolio management, including product
planning, R&D and dedicated software assets.

Markets will be responsible for Nokia's 'go-to-market' activities, including
sales and marketing, management of Nokia's global supply chains and sourcing
operations.

"In addition to extending our leadership in mobile phones, we are decisively
moving to respond faster to growth opportunities we expect in smartphones and
mobile computers," says Olli-Pekka Kallasvuo, CEO of Nokia. "Nokia's new
organizational structure is designed to speed up execution and accelerate
innovation, both short-term and longer-term.  We believe that this will allow us
to build stronger mobile solutions - a portfolio of products and integrated
services that connect people and enable new ways of communicating, sharing and
experiencing mobility."

To strike the right balance between business continuity, professional
competencies and faster execution, this organizational realignment includes
changes among Nokia's senior executives.

The Mobile Solutions unit will be headed by Anssi Vanjoki and be comprised of
MeeGo Computers, led by Alberto Torres, and Symbian Smartphones, led by Jo
Harlow. As part of the Mobile Solutions unit, Services - led by Tero Ojanpera -
will continue to develop Ovi as an integrated service into smartphones and
mobile computers, and lead the development and deployment of new services into
Nokia's mobile phones. Nokia has also appointed Rich Green to the position of
Chief Technology Officer, assuming responsibility for driving common technology
architecture across Nokia. Green brings a wealth of experience from his time in
Silicon Valley, including a number of years at Sun Microsystems. He will report
to Anssi Vanjoki.

Headed by Mary McDowell, the Mobile Phones unit will work closely with Services
to add value to lower-end devices through offerings such as Ovi Life Tools, Ovi
Mail, Ovi Store and Nokia Money.

The Markets unit will continue to focus on Nokia's overall sales and marketing
efforts, solution selling, transformation to digital marketing and consolidation
and globalization of Nokia's supply chain and sourcing. Markets will be headed
by Niklas Savander.

Kai Oistamo assumes the role of Chief Development Officer and head of Corporate
Development.

Rick Simonson, who currently heads Mobile Phones, has decided to retire from
full-time duties at Nokia. Simonson will leave the Nokia Group Executive Board
effective June 30, 2010. However, he will continue as a senior advisor to Nokia,
focusing on Nokia Siemens Networks, until the end of the year. Simonson will
continue to serve as a member of Nokia Siemens Networks' Board of Directors
after he leaves Nokia.

"Rick has made a substantial contribution and leaves behind a legacy in
operational and financial leadership. I would like to thank him for his
invaluable contribution," says Kallasvuo. "We will certainly miss Rick, but are
pleased he will continue as a senior advisor to Nokia until the end of year, and
continue as an NSN board member beyond that."

As of July 1, 2010 Nokia's Group Executive Board will consist of the following
members: Olli-Pekka Kallasvuo, Esko Aho, Juha Akras, Timo Ihamuotila, Mary
McDowell, Kai Oistamo, Tero Ojanpera, Niklas Savander, Alberto Torres, and Anssi
Vanjoki.

A chart of the new organizational structure, valid from July 1, 2010, is
available at 

http://www.nokia.com/A4630650?category=company



About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.2 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com <

http://www.ovi.com/>), including music, maps,
apps, email and more. Nokia's NAVTEQ is a leader in comprehensive digital
mapping and navigation services, while Nokia Siemens Networks provides
equipment, services and solutions for communications networks globally.

FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) the timing of the deliveries of our products and services and their
combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate," "designed,"
"plans," "will" or similar expressions. These statements are based on
management's best assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties, actual results
may differ materially from the results that we currently expect. Factors that
could cause these differences include, but are not limited to: 1) the
competitiveness and quality of our portfolio of products and services and their
combinations; 2) our ability to timely and successfully develop or otherwise
acquire the appropriate technologies and commercialize them as new advanced
products and services and their combinations, including our ability to attract
application developers and content providers to develop applications and provide
content for use in our devices; 3) our ability to effectively, timely and
profitably adapt our business and operations to the requirements of the
converged mobile device market and the services market; 4) the intensity of
competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in
the competitive environment; 5) the occurrence of any actual or even alleged
defects or other quality, safety or security issues in our products and services
and their combinations; 6) the development of the mobile and fixed
communications industry and general economic conditions globally and regionally;
7) our ability to successfully manage costs; 8) exchange rate fluctuations,
including, in particular, fluctuations between the euro, which is our reporting
currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies; 9) the success, financial condition and performance of
our suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety, security
and timely delivery of our products and services and their combinations; 13) our
ability to manage our inventory and timely adapt our supply to meet changing
demands for our products; 14) our ability to protect the complex technologies,
which we or others develop or that we license, from claims that we have
infringed third parties' intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in our
products and services and their combinations; 15) our ability to protect
numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or
proprietary technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 16) the impact of
changes in government policies, trade policies, laws or regulations and economic
or political turmoil in countries where our assets are located and we do
business; 17) any disruption to information technology systems and networks that
our operations rely on; 18) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 19) unfavorable outcome of litigations; 20)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 21) our ability to achieve targeted costs reductions and increase
profitability in Nokia Siemens Networks and to effectively and timely execute
related restructuring measures; 22) developments under large, multi-year
contracts or in relation to major customers in the networks infrastructure and
related services business; 23) the management of our customer financing
exposure, particularly in the networks infrastructure and related services
business; 24) whether ongoing or any additional governmental investigations into
alleged violations of law by some former employees of Siemens AG ("Siemens") may
involve and affect the carrier-related assets and employees transferred by
Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks
customer relationships resulting from ongoing or any additional governmental
investigations involving the Siemens carrier-related operations transferred to
Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of
Nokia's annual report Form 20-F for the year ended December 31, 2009 under Item
3D. "Risk Factors." Other unknown or unpredictable factors or underlying
assumptions subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements. Nokia does not
undertake any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent legally required.



Media Enquiries:

Nokia
Communications
Tel. [phone]
Email: [e-mail]

www.nokia.com <

http://www.nokia.com/>





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