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Nokia to Establish New Corporate Office in New York Metro Area
Dec 18, 2003
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Finland-based Nokia, supplier of mobile phones and of mobile, fixed broadband, and IP networks, will establish a new corporate office in the New York metropolitan area to serve as the base for the company’s newly established Enterprise Solutions business group, the CFO's office, parts of different corporate functions, and some regional operations.

"The United States is an important market for our Enterprise Solutions business group and it is important to be close to the key markets and customers of this business," Jorma Ollila, chairman and CEO of Nokia, notes in a written statement from the company. "The New York area is also a major financial hub and a corporate center, therefore, an excellent location for the CFO's office. This will enable us to have even closer links with investors and the financial community."

Mary T. McDowell, the recently appointed head of Enterprise Solutions, will lead the global Enterprise Solutions business group from the New York area office. In addition, the majority of the sales and marketing activities of the Multimedia business group's North American operations will be located there.

The company is in the process of evaluating potential premises in the New York metropolitan area and the final decisions regarding the location will be made in the near future. The new office will be operational in mid-2004, and within 2 years, it is expected to be occupied by approximately 100 to 150 people.

Nokia has approximately 6,600 employees in the United States with the majority working in Irving and Fort Worth, TX, U.S., and Mountain View, CA, U.S. The Nokia U.S. country-management team will continue to be located in Irving.

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