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Mr Lundmark Appointed as President and CEO of Nokia

Misc News - Published on Tue, 03 Mar 2020

Image Source: konecranes.com
Nokia’s Board of Directors has appointed Mr Pekka Lundmark as President and Chief Executive Officer of Nokia. Mr Lundmark is expected to start in his new role on September 1, 2020. Mr Lundmark is currently President and CEO of Fortum, a leading energy company based in Espoo, Finland, where he consistently delivered robust total shareholder returns, successfully renewed the company’s strategy, and positioned it to be a strong player in the transforming global energy sector. Prior to Fortum, Mr Lundmark served as President and CEO of Konecranes, a global material-handling technology leader, and from 1990-2000 he held multiple executive positions at Nokia, including Vice President of Strategy and Business Development at Nokia Networks. Mr Lundmark holds a Master of Science degree from Helsinki University of Technology. He will be based in Espoo in Finland.

Nokia’s current President and CEO Mr Rajeev Suri will leave his current position on August 31, 2020 and continue to serve as an advisor to the Nokia Board until January 1, 2021. During his tenure as CEO of Nokia and Nokia Siemens Networks, Suri led a significant consolidation of the telecommunications infrastructure sector; a fundamental turnaround of Nokia Siemens Networks including the disposal of multiple non-core assets; massive growth in the company’s highly profitable patent licensing business; the integration of Alcatel-Lucent; and successful diversification into new software and enterprise markets. Under his leadership, Nokia became one of the top two players in telecommunications infrastructure, rising from a number four position, with the scope and scale for long-term success.

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Posted By : TelecomGuru on Tue, 03 Mar 2020
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