Nokia today announced it has closed the sale of its Digital Health business to Eric Carreel, co-founder and former chairman of Withings. In the further development, the company appointed Maria Varsellona as president of Nokia Technologies in addition to her current role as Chief Legal Officer.
Gregory Lee, who is serving as the current President will leave the company following the closure of the Digital Health business sale. Gregory’s stepping will be of immediate effect and will leave the company after a transition period.
“Gregory came to Nokia, made a clear-eyed assessment of our consumer business and incubation activities, and took the bold decision to refocus Nokia Technologies on licensing,” said Rajeev Suri, CEO of Nokia. “As part of that effort, he assessed strategic options for Digital Health, which led to the sale of that business. Given that, we have agreed that his work at Nokia is done. He leaves the company with my great appreciation and thanks.”
“I look forward to working together with Maria as we continue to further build Nokia’s licensing business,” Suri added. “I am also pleased that Barry French, Nokia’s Chief Marketing Officer, has agreed to replace Gregory on the Board of HMD Global, our partner for Nokia branded mobile phones.”
The financial details have not been disclosed yet, nor any details about how the new Withings will be financed. It’s important to mention here is that the digital health business will be relaunched under the Withings brand by the end of this year, as reported by Tech Crunch.
The licensing businesses of Nokia Technologies are not affected by the sale.