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Rap Sheet

Author:

LongTerm CapGains

Subject:

Off Topic

Date:

10/08/15 at 8:55 AM CDT

 

 

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Sentiment:

Neutral

Re the NOK management announcement

Read the PR regarding the organizational changes that will take effect when the merger is finalized.

The PR concentrated on the fact that there will be four major groups in the combined entity.  What stroke me as a positive is that 3 of those 4 groups will be headed by Alcatel executives.  A Lightreading.com article focused more on the fact that out of 13 executive positions only 3 were assigned to Alcatel's execs.

I frankly am not surprised this is the case.  Nokia is the acquirer, and I am sure Rajeev Suri wants the high level Administrative, Marketing and Sales to be people he has trust in, known entities. It seems to me that given that Alcatel brings technology to the table the decision to have three Alcatel execs to head them is not only appropriate but smart and pragmatic in that these folks have the expertise and it is likely to result in a much smoother transition into NOK.  Integration is always a challenge so I am actually impressed with Rajeev's decision.

That said, there will be some disappointment among high ranking Alcatel execs in Administrative, Sales and in the CTO office, but it seems clear to me that most of the high ranking folks at Alcatel will either leave or let go.  Net, net, I am comfortable with it.

 

 

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