Rajeev Suri to step down as Nokia CEO; Pekka Lundmark to take over

Rajeev Suri to step down as Nokia CEO; Pekka Lundmark to take over

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/01/rajeev-suri-to-step-down-as-nokia-ceo-pekka-lundmark-to-take-over/

Rajeev Suri, the chief executive of Nokia, is stepping down from his leadership role after overseeing the Finnish networking giant for more than half a decade. Pekka Lundmark, the outgoing President and CEO of energy firm Fortum, has been elected as the President and Chief Executive Officer of Nokia, the Finnish company announced on Monday.

The networking giant said Suri had expressed his intention to step down from the role and that they have been working to formulate a smooth transition. “After 25 years at Nokia, I have wanted to do something different,” said Suri, who will leave his current position on August 31 and continue to serve as an advisor to the Nokia Board until January 1 next year. Lundmark is expected to start in his new role on September 1 this year.

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