Nokia President and CEO Rajeev Suri Steps Down, Pekka Lundmark to Replace Him

Nokia President and CEO Rajeev Suri Steps Down, Pekka Lundmark to Replace Him

After serving for greater than a decade as President and CEO of Nokia and Nokia Siemens Networks, Rajeev Suri has stepped down, paving the best way for Pekka Lundmark to put on his sneakers within the world function, the corporate introduced on Monday.

Suri indicated earlier to the Nokia Board’s board of administrators that he was contemplating stepping down from his function sooner or later sooner or later, offered a stable succession plan was in place.

“After 25 years at Nokia, I wanted to do something different,” stated Suri.

“Nokia will always be part of me, and I want to thank everyone that I have worked with over the years for helping make Nokia a better place and me a better leader,” he stated.

Nokia’s board labored intently with Suri to develop inside candidates and determine exterior candidates.

Currently President and CEO of Fortum, a number one vitality firm based mostly in Espoo, Finland, Lundmark is predicted to begin in his new function on September 1, the corporate stated in a press release.

“With the acquisition of Alcatel-Lucent behind us and the world of 5G in front of us, I am pleased that Pekka has agreed to join Nokia,” stated Risto Siilasmaa, Nokia Board Chair.

“On behalf of the entire Board of Directors, I would like to thank Rajeev for his many contributions to Nokia, where he has served with both honor and distinction,” Siilasmaa added.

Suri will depart his present place on August 31, 2020 and proceed to function an advisor to the Nokia Board till January 1, 2021.

“I look forward to working with him (Lundmark) on a smooth transition and wish him the best success in his new role,” stated Suri.

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