Nokia Siemens Networks (NSN) CEO Simon Beresford-Wylie will step down after two years in the post. He will be replaced by services chief, Rajeev Suri.
Announcing the CEO’s departure, NSN said Beresford-Wylie would “pursue opportunities in a new industry” after 27 years in the telecom network sector. The change in leadership comes as NSN continues to lose market share to rivals Ericsson and Chinese startups Huawei and ZTE.
Suri, 41, will take over as CEO on October 1. Beresford-Wylie will stay until November 1.
Suri 20 worked in the telecom business for 20 years and currently heads up NSN’s global services division. He was previously the head of the Asia Pacific operations.
Australian expat, Beresford-Wylie joined Nokia in 1998 and headed Nokia's infrastructure group first in Asia-Pacific and then globally. He was appointed CEO when Nokia Siemens began operations in April 2007.
In other company movements, the new head of the Asia Pacific region is
Ricky Corker. He replaces Christian Fredrikson, who has taken a global role in business development.
Corker was most recently Nokia Siemens’s head of sales, APAC and has worked extensively in the region as the former head of the Asia North sub region, where he led the teams in Thailand, Vietnam, South Korea, Cambodia, Bangladesh and Laos.
Corker has a 16-year career with Nokia and Nokia Siemens Networks, where he held senior sales and marketing positions in the Americas, Europe and Australasia.
NSN is the second largest vendor by market share after Ericsson. However, its share of the carrier equipment market eroded to 20% in the second quarter, down from 26% a year earlier, according to research firm Dell'Oro.
In another setback, NSN lost out to Ericsson in the contest for Nortel’s CDMA and LTE assets, which included key North American customers. It was first to make an offer but in an auction Ericsson paid more than double NSN’s initial bid.
In July, Nokia said it expected the mobile infrastructure market overall to decline 10% this year, and expects its own market share to decline moderately this year. Previously, it had forecast its market share to be flat.
Beresford-Wylie’s departure follows that of Ericsson CEO Carl-Henric Svanberg, who announced in June that he would step down at the end of the year to become chairman of BP. He will be replaced by CFO Hans Vestberg.
- see this Reuters article
- see this release