Nokia India MD, D Shivakumar Leaves the Company
Nokia’s operations head for India, West Asia and Africa, D Shivakumar has quit the Finnish giant after 8 years with the company, starting in 2006.
Shivakumar was currently based out of Dubai as a result of a new global role in late 2011. He was also heading Nokia’s operations in India, but now oversaw their operations in about 90 countries including India, the Middle East and Africa.
[quote_simple]“When I joined Nokia, India had about 80 mobile phone subscribers. Today it is over 900 million. I believe that Nokia too had a role to play in this along with mobile operators.”[/quote_simple]
At one point Nokia enjoyed over 70 percent marketshare in India under Shiv’s reign, but currently only accounts for a fourth of total handset sales after facing tough competition from local Indian brands like Micromax and Karbonn, and global brands like Samsung, Sony and HTC. Inspite of that, India is still Nokia’s second largest market, after China, generating 2.227 Billion in 2012 against 2.9 Billion in 2011.
As such Shiv leaving the company is a pretty huge deal, and hopefully Nokia has someone as experienced to replace him. Shivakumar declined to mention where he would be joining next, but stated that he would not be associated with mobility, telecommunications and FMCG any longer.