Nokia sells digital health venture, executive to leave

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HELSINKI (Reuters) – Nokia stated on Thursday it had offered its small digital well being enterprise, together with exercise trackers and smartwatches, and stated the top of its Applied sciences unit would step down.

FILE PHOTO: The brand and ticker for Nokia are displayed on a display on the ground of the New York Inventory Trade (NYSE) in New York, U.S., Might 21, 2018. REUTERS/Brendan McDermid

The enterprise was offered to Eric Carreel, co-founder and former chairman of the digital well being enterprise, for an undisclosed worth. Nokia had introduced the plan earlier this month.

Gregory Lee, the top of Nokia’s Applied sciences unit and former Samsung govt, will depart the corporate following the deal after lower than a 12 months within the job, Nokia stated.

Reporting by Jussi Rosendahl; Modifying by Edmund Blair

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