Ramzi Haidamus is stepping down as president of the Nokia Technologies unit that handles patents and new consumer products, including a recent licensing deal with HMD Global it hopes will herald the return of Nokia handsets.
Once the world’s biggest maker of mobile phones, Nokia was wrong-footed by the rise of smartphones and eclipsed by Apple and Samsung, ultimately resulting in the sale of its handset business to Microsoft Corp in 2014.
Nokia is now focussed on telecoms network equipment, an industry with weak growth outlook, and the small Nokia Technologies operation has been leading the return to consumer products in search of future growth.
The company started selling a virtual reality camera this year and also acquired a French health-tracking company Withings.
“Given that progress, now is the right time for me to explore new opportunities to pursue my passion for building and transforming businesses,” Haidamus, who joined Nokia in 2014, said in a statement.
Nokia said it has begun the search for a successor and that Brad Rodrigues, currently head of strategy and business development at Nokia Technologies, will assume the role of acting president.