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Thursday, Jun 14
2012, 9:26 AM
Nokia's restructuring: Low-end phone chief Mary McDowell, marketing chief Jerri DeVard, and...
Nokia's restructuring: Low-end phone chief Mary McDowell, marketing chief Jerri DeVard, and "Markets" chief Niklas Savander (handles supply chain/sales) are leaving. In addition, a plant and two R&D facilities are being shuttered. During a CC, Nokia said it would focus its resources on major markets, and that it's working with Microsoft (MSFT) to develop cheaper Windows Phone devices - the latter is critical if Nokia wants to stem market share losses to low-end Android gear. NOK -12.9%.