Nokia promotes supply chain chief in strategy shake-up

19 June 2012

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19 June 2012 | Kamalpreet Badasha

Mobile phone manufacturer Nokia has promoted senior vice president, supply chain Juha Putkiranta to executive vice president of operations.

Putkiranta will also be joining the senior leadership team at the company from the beginning of July.

The promotion was one of a number of changes made by the firm, including four additional senior management changes.

"Juha has demonstrated exceptionally strong leadership in leading our supply chain operations. His breadth of experience at Nokia will help with our focus," said Stephen Elop, Nokia chief executive, in a statement.

The announcement comes on the same day the Finnish company announced a new business strategy, which will involve the loss of 10,000 jobs as the company tries to make €3 billion (£2.4 billion) cost savings by the end of 2013. So far, €700 million (£564 million) have been saved this year. The firm has also sold its luxury phone business Vertu to the private equity group EQT VI for an undisclosed sum.

Nokia previously topped the ranking of the world’s best supply chains in 2007.

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