German newspaper Wirtschaftswoche is reporting newly appointed Nokia CEO Stephen Elop is executing an executive shake-up. Citing "company sources," the paper stated that Mary T. McDowell, a bigwig in the mobile phones unit, as well as Niklas Savander, the manager of the markets unit, could be on the outs. Moreover, Kai Oistamo (Chief Development Officer) and Tero Ojanpera, the manager responsible for services and mobile solutions, may also be joining them in the unemployment line.
Nokia has reportedly hired headhunters to find replacements for those empty positions. It appears the organizational changes are focused on rectifying Nokia's inability to quickly execute upon its corporate strategy.
This shift comes after Nokia recently laid off 1,800 workers in October.
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