Nokia Siemens Networks Names Eric Simonsen as New Financial Officer

Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.

Simonsen is currently the company's global head of restructuring and a member of the Nokia Siemens Networks executive board. He will work in both Finland and Germany.

Simonsen assumes the CFO responsibilities from Peter Schoenhofer, who is resigning for personal reasons, the company said.

Nokia Siemens Networks, a joint venture between Finland's Nokia and Germany's Siemens , was formed to produce equipment that mobile services, such as T-Mobile, Vodafone or O2, need to provide more content quickly to subscribers.

It started operations on April 1 and said last month that it will lay off up to 9,000 people worldwide -- some 15% of its work force -- in line with previous plans.