Nokia shakes up Board of Directors after mixed quarter, difficult year

Nokia shakes up Board of Directors after mixed quarter, difficult year
Nokia’s Q4 numbers came out this morning, and they’re a mixed bag, although the bad outweighs the good. More important Nokia has had a terrible year – one that was worse than the already bad numbers they projected at the beginning of 2011. To a large degree that can be attributed to poor management – they announced that Symbian was on an end of life schedule several quarters before they had a replacement line ready, leading to a crash in market share. When the Meego-powered N9 proved popular with reviewers, Nokia intentionally restricted its market reach so it wouldn’t compete with their WP7 products.

Even the adoption of Windows Phone – which makes some strategic sense, especially given the amount of cash Microsoft was willing to pay for Nokia’s friendship – even that created some initial skepticism in Nokia’s traditional markets in Europe, where Microsoft’s brand name is met with greater skepticism than in North America.

All that would be fine if Nokia’s sales were on fire now, but apparently Nokia isn’t out of the woods yet; they refused to provide guidance for 2012, stating instead that it will be yet another transition year, “during which our devices-and-services business will be subject to risks and uncertainties.”

What do you do when times are rockier than you thought, and the road back to growth is longer than expected? You shake up management, and that’s what has happened on Nokia’s Board of Directors. Three board members will step down, including Chairman Jorma Ollila, who has been on the board since 1985. Board members Bengt Holmström and Per Karlsson will also stand down.

2012 will be absolutely vital to Nokia’s chances at survival in the mobile industry. We know that Microsoft plans to pump hundreds of millions of dollars into marketing, and we may see some truly cutting-edge Windows Phone devices in Q4 when Apollo hits. Hopefully Nokia’s executives and new board members can guide them through to better times.

If not, shuffling board members may be as useful as rearranging deck chairs on the Titanic.

source: Nokia



13. AndroidShiz

Posts: 154; Member since: Nov 08, 2011

Betting solely on Windows is not smart. But the head dude over there used to work at Microsoft, so they're putting relationships above company growth and profit. It's not worth avoiding the trolling fees that Windows charges others handset makers that use Android, if the WP7 phone is not selling as fast as it should. Friendship is friendship, but business is business.

11. aaryan_ny

Posts: 1; Member since: Jan 24, 2012

this year is not for android its for windows mobile go ahead nokia you gonna reach it to the top that you had already one thing you already made up in market get from lower to higher

12. Just_a_boy

Posts: 183; Member since: Oct 18, 2011

Windows Phone man, windows mobile is dead.

10. hepresearch unregistered

Whatever anybody says, even given the crazy things I have said about them in the past year, I hope Nokia turns out okay. They gave me a great run of fantastic devices for a long time. My all-time favorites have always been Nokia's. I may not have the means, or an excuse, to own a smartphone anymore, but if I did I just might be tempted to leap onto the Nokia Windows Phone bandwagon just for old-time's sake.

9. dayron

Posts: 10; Member since: Oct 17, 2011

It pains me to see how these sites and analyst project doom and gloom for the ones that they don't care for or rather how they'd like to see things turn out.Typical american bias and rhetoric. Just say it long enough and it's well recieved. Nokia is not going anyware no time soon. God help us!

8. ChiX017

Posts: 308; Member since: Nov 09, 2011


4. bluechrism

Posts: 99; Member since: Sep 09, 2011

FYI, one bit that should be mentioned here is that Marko Ahtisaari (the guy who introduced the N9 to us and is behind the design used for that as well as the Lumia 800 and 900) has been promoted to Executive Vice President, Design.

5. SemperFiV12

Posts: 949; Member since: Nov 09, 2010

well deserved, Nokia's craftsmanship and industrial design are 2nd to none - top of the line!

7. dayron

Posts: 10; Member since: Oct 17, 2011

well said.

3. shy2papa

Posts: 336; Member since: Jan 23, 2010

Wow nokia should add android to its lineup and see what happens. LG, SAMSUNG, HTC, are doing well

2. -RVM-

Posts: 331; Member since: Oct 19, 2011

iirc Jorma Ollila announced he will step down long ago.

6. dayron

Posts: 10; Member since: Oct 17, 2011

Thank You,

1. TreyTreyTaylor

Posts: 728; Member since: Dec 21, 2010

Good Luck Nokia

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