Also announces the president of Nokia Technologies, Gregory Lee, will leave the company following the closure of the Digital Health business sale
Nokia has announced it has closed the sale of its Digital Health business to Eric Carreel, co-founder and former chairman of Withings.
Nokia announced plans to sell Digital Health on 2 May 2018, following a review of strategic options for the business. The sale is part of Nokia’s honed focus on becoming a business-to-business and licensing company.
The licensing businesses of Nokia Technologies are not affected by the sale.
Also, Nokia has announced that the president of Nokia Technologies, Gregory Lee, will leave the company following the closure of the Digital Health business sale. Lee will be replaced by Maria Varsellona, who remains chief legal officer and continues to report to Nokia president and CEO, Rajeev Suri as a member of Nokia’s Group Leadership Team.
Lee steps down from the Group Leadership Team effective immediately, and will leave Nokia after a transition period.
“Gregory came to Nokia, made a clear-eyed assessment of our consumer business and incubation activities, and took the bold decision to refocus Nokia Technologies on licensing,” said Suri. “As part of that effort, he assessed strategic options for Digital Health, which led to the sale of that business. Given that, we have agreed that his work at Nokia is done. He leaves the company with my great appreciation and thanks.”
“I look forward to working together with Maria as we continue to further build Nokia’s licensing business,” Suri added. “I am also pleased that Barry French, Nokia’s CMO, has agreed to replace Gregory on the Board of HMD Global, our partner for Nokia branded mobile phones.”
Lee said: “I am proud of the fact that I leave Nokia Technologies as a stronger and more focused organisation, strategically aligned to make a meaningful impact on Nokia’s business performance. I am thankful for my time at Nokia and wish the team continued success.”