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Nokia appoints new CEO, unveils new strategy, governance

2014-04-29 09:37:00| Telecompaper Headlines

(Telecompaper) Nokia has appointed a new president and CEO and unveiled a new strategic programme. The company wants to become a leader in technologies important in a connected world by building on its three businesses in networks, location and technologies. The company also has plans a EUR 5 billion programme to optimise its capital structure and a new governance structure and leadership team. New CEO Rajeev Suri will take office from 1 May, after joining Nokia in 1995. Since October 2009, he has served as CEO of NSN, the former joint venture between Nokia and Siemens that is now fully owned by Nokia. Risto Siilasmaa, chairman of the Nokia board of directors and interim CEO, will return to focusing exclusively on his role as chairman. For the long term, Nokia has singled out three areas important to the connected world and where it wants to leads: device and data connectivity; location services between the real and virtual worlds; and innovation, including in sensing, radio and low power technologies.

Tags: strategy nokia ceo governance

Category:Telecommunications

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