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TMCNet:  Nokia Siemens appoints new CFO

[February 25, 2013]

Nokia Siemens appoints new CFO

Feb 25, 2013 (Datamonitor via COMTEX) -- Nokia Siemens Networks, a provider of mobile broadband, has announced the appointment of Samih Elhage as its CFO.

Elhage, who was previously the company's COO, will continue to report to CEO Rajeev Suri as a member of the company's Executive Board. Elhage replaces Marco Schroeter, who leaves Nokia Siemens Networks with immediate effect, the company said.

"Samih has made significant contributions in his role as COO and is well prepared to step into the role of CFO," said Suri. "He has deep commercial skills and a strong command of company financials - competencies built over the years as an operating executive at Nortel and as a senior advisor to leading private equity and global management consulting firms." Elhage joined Nokia Siemens Networks in March 2012. He has been instrumental in driving the company's restructuring: strengthening operational efficiency; improving performance management; and enhancing accountability and discipline at all levels of the company. With Elhage's move to become CFO, the COO role will be discontinued.

Elhage has more than 23 years of telecommunications experience in both financial and operational roles. Immediately prior to joining Nokia Siemens Networks, he served as a senior advisor to leading private equity and global management consulting firms, focusing on investments and improving the operating performance of companies in the telecommunications sector.

Prior to these advisory positions, until August 2010, Elhage held a number of leadership roles at Nortel, including president of Carrier Voice over IP and Applications Solutions, and vice president of Corporate Business Operations. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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