Nokia sales chief resigns as company posts $1.7bn loss

Nokia sales chief resigns as company posts $1.7bn loss

PanARMENIAN.Net - Nokia’s executive vice president of sales, Colin Giles, has resigned, coming hot on the heels of “greater than expected competitive challenges” leading to appalling Q1 2012 financial results, SlashGear reports.

“Effective immediately, Nokia’s four regional senior vice presidents and the lead of sales operations will report directly to Niklas Savander, executive vice president of markets” the company says, in the process “reducing a layer of sales management to ensure greater customer focus and providing senior leaders greater visibility into market dynamics.”

Nokia is spinning Giles’ decision to step down as a positive, though the fact that he was on the Leadership Team for less than a year during its tumultuous repositioning doesn’t bode well. Nonetheless, he was a Nokia employee since 1992, and is cited as particularly instrumental in developing the Asia and China markets.

“Our structure is focused on ensuring that the sales organization is aligned with local customer requirements, market-by-market competitive issues and country-specific sales and marketing tactics,” Savander said in a statement. “As a result of reducing layers, we can increase the speed at which we execute sales activities and improve the collaboration between our business groups and our team on the ground.”

Nokia announced a $1.7bn loss for Q1 2012, with CEO Stephen Elop blaming “mixed” sales results of the new Lumia phones for part of the Finnish firm’s struggling fortunes. “We exceeded expectations in markets including the United States,” Elop said of Lumia sales, “but establishing momentum in certain markets including the UK has been more challenging.”

 Top stories
The company is determined to suspend the provision of free Wi-Fi, until the intervention into its infrastructure is stopped.
"The issue was caused by a duplicate chart for Reagan National Airport in American's chart database," said Mike Pound.
Samsung said demand for the S6 Edge has exceeded expectations but the limited supply for the curved displays restricted sales.
“Today’s Demo Day was like other Demo Days in the world in terms of the quality and innovation of ideas,” Raffi Krikorian said.
Partner news