Nokia HERE’s CEO to resign

Nokia HERE’s CEO to resign

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Michael Halbherr, CEO of Nokia HERE resignsFinland: Nokia has announced that Michael Halbherr, CEO of mapping unit is resigning from his services. The resignation would be effective from September 1 this year.

Cliff Fox, currently Senior Vice President, Core Map Group, at HERE, is going to take over the role of acting head of HERE.

Halbherr cited his wish to focus once again on entrepreneurial activities as reason behind his decision.

As per Nokia, Here net sales in Q2 were “approximately flat” on a year-on-year basis, with reported net sales of $309 million, and with an operating loss of $12 million (the non-IFRS figure is $0).

Source: Nokia