Nokia Siemens Networks names Marco Schroter as CFO

NEW YORK: Global telecom equipment supplier Nokia Siemens Networks today said it has appointed Marco Schroter as chief financial officer of the company.

Schroter, who has 20 years of management and financial experience, will be joining the company from March 14, Nokia Siemens Networks said in a statement.

Besides, he will be a member of the executive board. Prior to joining Infineon in 2008, Schroter served as chief financial officer at Schenker. Earlier in his career he held leadership positions in planning and finance at Stinnes AG.

"Marco has a strong track record of disciplined financial management and helping deliver growth and shareholder value.

As we continue our turnaround, I am confident he has the right skills and experience to help take Nokia Siemens Networks to the next level of performance," the company's CEO Rajeev Suri said.

Nokia Siemens Networks, a joint venture between Nokia Corp and Siemens AG, has significant presence in India. It is one of the leading 3G mobile infrastructure and services vendor in India with 30 per cent market share.

The company has won deals from Aircel, Bharti Airtel, Idea Cellular, Tata Teleservices and Vodafone for the deployment of 3G networks in 20 of the country's telecom circles.