Nokia is bringing an Indian banker and the CEO of SAP
onto its main board.
The company will be seeking to ratify the appointments onto an
expanded board at its AGM in May.
If rubberstamped, the board will include SAP CEO and chairman Dr
Henning Kagermann, and Lalita Gupte, former joint managing director
of ICICI Bank, India’s second biggest bank.
Gupte is currently non-executive chairman of the same bank’s
Venture Funds Management business. The Asian market is the fastest
growing mobile market, with the number of handsets sold there far
outstripping sales in the established Western European and North
American markets.
Nokia has
also recently expanded its Indian R&D centres and manufacturing
plants.
The closer association with SAP following Kagermann’s
appointment, will further help Nokia develop and deliver mobile
platforms that can more easily cope with data intensive
applications like CRM and ERP.
Another addition on the main Nokia board is Nokia Corporation
president and CEO Olli-Pekka Kallasvuo, who is already on the board
of storage giant EMC.
Nokia axes 700 jobs
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