Nokia plans to reorganize its internal structure hoping it will help streamline the company management and bring new products to market quicker.
There will appear two major divisions that will report financial results separately: Devices & Services, and Nokia Siemens Networks. The Devices & Services division will include three subdivisions: Devices, Services and Software, and Markets.
The roles of CEO and other members of the board will not change.
The reorganization will start in January 2008.