Eric Simonsen Appointed Chief Financial Officer of Nokia Siemens Networks

 In CFO, Nokia Siemens

Nokia Siemens Networks announced yesterday that Eric Simonsen will become chief financial officer, effective June 1, 2007. Simonsen is currently the company’s global head of restructuring and a member of the Nokia Siemens Networks executive board.

Simonsen has held senior management positions at companies such as WorldCom Corp., Cable & Wireless America Inc. and Genuity Inc. From 1991 to 2001 he served as chief of operations and chief financial officer for Allmerica Financial Corp., a Fortune 400 company. Since 2002, Simonsen has worked at AlixPartners, a firm focused on helping corporations manage integration and financial restructuring. While he will continue to hold the position of Managing Director of AlixPartners, his role at Nokia Siemens Networks will be full time. Simonsen is an American citizen who has previously worked and lived in the Nordic region, and in his new role he will work in both Helsinki and Munich.

Simonsen assumes the CFO responsibilities from Peter Schoenhofer, who is resigning for personal reasons. Schoenhofer served as chief financial officer during the integration process and led the successful launch of the finance and control organization of Nokia Siemens Networks.

About Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of communications services. The company provides a complete, well-balanced product portfolio of mobile and fixed network infrastructure solutions and addresses the growing demand for services with 20,000 service professionals worldwide. The combined pro-forma net sales of EUR17.1 billion in fiscal year 2006 make Nokia Siemens Networks one of the largest telecommunications infrastructure companies. Nokia Siemens Networks has operations in some 150 countries and is headquartered in Espoo, Finland. It combines Nokia’s Networks Business Group and the carrier related businesses of Siemens Communications.

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