Beresford-Wylie to step down for Suri

Simon Beresford-Wylie has announced his resignation from his position as CEO of Nokia Siemens Networks (NSN), and will be replaced by Rajeev Suri, a 20-year telecom industry veteran who has been leading NSN’s Services business since 2007. To provide the proper transition, Beresford-Wylie will stay on through the beginning of November.

During his tenure, Beresford-Wylie has steered the company through its initial inception and the merger of Nokia Networks and Siemens Networks.

Incoming NSN boss, Rajeev Suri

Suri brings his expertise in running the profitable services division to the North American and other international markets.

Speaking to news wires, Suri said he believed there is only room for three telecom equipment vendors, adding that Nokia Siemens was planning on being one of those left standing from the current crop of five or six firms with global aspirations.

Shares in Alcatel-Lucent jumped some 20 percent last week on expectations of imminent consolidation in the sector.