HMD Global, the Finnish company that owns the rights to use Nokia`s brand on mobile phones and tablets, said Chief Executive Arto Nummela is leaving the company with immediate effect.
Florian Seiche, HMD Global`s president, has been appointed to the additional role of acting CEO, the company said.
An HMD spokesman said Nummela`s departure was a personal matter between him and the company`s board of directors, but declined to elaborate.
In a statement announcing the management changes, Sam Chin, HMD Global`s chairman of the Board, said: "On behalf of the whole Board, I thank Arto for his contribution and wish him well in his future endeavours."
The company is owned by Smart Connect LP, a private equity fund managed by Jean-Francois Baril, a long-serving former senior vice president of Nokia.
HMD products are built by a unit of Foxconn after it acquired the manufacturing and distribution assets of the former Nokia phone business from Microsoft last year.
Earlier this year, HMD made a splash by reviving its classic 3310 feature handset in new brightly coloured versions. It also offers a variety of Nokia feature phones aimed at emerging markets and has begun introducing new Android smartphones. [nL8N1IX26U]
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
