Thursday, June 28, 2007

Nokia Siemens Networks Updates Board of Directors

Nokia Siemens Networks announced several changes to its Board of Directors.

Klaus Kleinfeld, 49, President and CEO of Siemens AG until June 30, 2007 has resigned from the Board of Directors of Nokia Siemens Networks B.V., effective as of July 1, 2007. He will be replaced by Peter Loscher, 49, President and CEO of Siemens AG, effective as of July 1, 2007.

After the changes the Board of Nokia Siemens Networks will consist of the following seven members: Nokia President and CEO, Olli-Pekka Kallasvuo (Chairman of the Nokia Siemens Networks Board); Siemens President and CEO, Peter Loscher; the head of Nokia Operational Human Resources, Juha Akras; Siemens CFO, Joe Kaeser; Member of the Siemens Managing Board, Eduardo Montes; head of Nokia Technology Platforms, Niklas Savander; and Nokia CFO, Rick Simonson.