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Nokia names Rajeev Suri as new CEO as sales drop
2014-04-29 12:56:04| InfoWorld: Top News
Nokia has named the head of its networks division, Rajeev Suri, as its new CEO from May 1. He will take over from company chairman Risto Siilasmaa, who has been serving as acting CEO. On Tuesday it also reported a profit for its continuing operations, but a drop in sales and an overall loss for the first quarter. Nokia retains its networking equipment unit, the Here mapping business, and its patent portfolio following completion of the sale of its Devices & Services business to Microsoft on Friday.
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
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Nokia confirms Suri as CEO as Q1 revenue slides
2014-04-29 02:00:00| Total Telecom industry news
5 billion capital restructure announced as the era of Nokia without handsets dawns.
Tags: nokia
revenue
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New Nokia CEO a no show at MWC
2014-02-23 01:00:00| Total Telecom industry news
NSN will look for ways to expand its partnership with Juniper networks, CEO says; will examine M&A opportunities.
Nokia to pay outgoing CEO Elop $25 million
2013-09-19 20:09:18| Telecom - Topix.net
Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million when he leaves the company to move over to Microsoft.