Nokia Siemens Replaces Its CEO
Beresford-Wylie has been CEO since NSN opened its doors for business in April 2007. (See Nokia Siemens Opens on a Downer.)
Since then he has seen the company through the challenges of a major merger, an increasingly competitive market, and a global economic downturn that has impeded carrier spending plans. (See Slump Slams Nokia Siemens , Ericsson, NSN Brace for Chinese Price Wars, Nokia Siemens Dips in Q4, Nokia Siemens Braced for Tough 2009, NSN's Big Squeeze, Nokia Siemens CEO Slams 'Silly Pricing', and Nokia Siemens Gets Ruthless on R&D Focus.)
Even while presiding over headcount and portfolio cutbacks, Beresford-Wylie has been looking for new growth opportunities and brokering and cementing partnerships. (See NSN, Juniper Converge IP & Optical, NSN: Alvarion's New WiMax Buddy, Nokia Siemens Bags OSS Smarts , Nokia Siemens Dumps on GPON, Nokia Siemens Snaps Up IMS Vendor, NSN Products Face Further Cuts, and NSN Improves, Confirms Extra Cuts.)
Unfortunately for him, though, NSN lost out in its bid to buy part of Nortel Networks Ltd. 's mobile business, a move that would have boosted its lackluster North American business. (See Ericsson Delivers Knockout Blow to NSN.)
In the official announcement today, Nokia Corp. (NYSE: NOK) CEO Olli-Pekka Kallasvuo, who is also chairman of NSN, noted that a succession process had been underway since "Simon shared his desire to depart at the appropriate time. That process has made it clear that Rajeev brings the right values, experience and industry expertise to take Nokia Siemens Networks forward."
So now it's 41-year-old Suri's turn to take on the likes of Alcatel-Lucent (NYSE: ALU), Ericsson AB (Nasdaq: ERIC), and Huawei Technologies Co. Ltd. . (See Huawei Closes In on Rivals.)
Suri is currently head of the company's Services division, which, if current trends continue, is on course to generate half of the vendor's quarterly revenues in the near future. (See Services Now 45% of NSN Revenues, NSN Sees Managed Services as $277B Market, and The Substance of 'Hollow Operators'.)
Suri recently outlined his services strategy in an exclusive interview with Light Reading. (See NSN Services Chief: Huawei's Years Behind.)
Now the pressure is on Suri to repeat his success across the whole company when he slides into the CEO chair on October 1. He will relocate from his current base near New Delhi in India to Espoo in Finland. A spokesman for NSN said he couldn't comment on whether Suri's appointment would herald a change in strategy. "He will be building on the foundations laid by Simon," says the spokesman.
Beresford-Wylie will remain with NSN until November 1, after which he is moving to a new job in "another industry," says the NSN spokesman, who adds that details of his new appointment would be revealed in the future by Beresford-Wylie's new employer.
NSN's move means that three of the world's largest telecom equipment vendors -- Alcatel-Lucent, Ericsson, and NSN -- have all appointed new CEOs during the past 13 months. (See Ericsson Names New CEO and Verwaayen Takes the Helm at AlcaLu.)
— Ray Le Maistre, International News Editor, Light Reading