Nokia’s Board of Directors has appointed Pekka Lundmark as President and CEO of Nokia. Lundmark will be taking over from Rajeev Suri who has been with the company for more than a decade. Lundmark is expected to start in his new role on September 1, 2020.
Lundmark is currently President and CEO of Fortum, a leading energy company based in Espoo, Finland. Prior to Fortum, 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.
Lundmark holds a Master of Science degree from Helsinki University of Technology. He will be based in Espoo, Finland.
Rajeev Suri, Nokia’s current President and CEO, indicated earlier to the Board that he was considering stepping down from his role at some point in the future, provided a solid succession plan was in place. 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.
Pekka Lundmark, In-coming President and CEO, Nokia
I am confident that the company is well-positioned for the 5G era and it is my goal to ensure that we meet our commitments to our customers, employees, shareholders and other stakeholders.
Rajeev Suri, Outgoing President and CEO, Nokia
I leave the company with a belief that a return to better performance is on the horizon and with pride for what we have accomplished over time. Pekka is an excellent choice for Nokia.
