Nokia Corporation announced this morning a change in leadership of the company. After a decade leading Nokia as president of Nokia’s networks division and later CEO of the company, Rajeev Suri will step down from the role of CEO of Nokia.
The newly appointed President and Chief Executive Officer is Pekka Lundmark, a 57-year old Finn that is currently the CEO of Fortum, an energy company based in Finland, but he spent a decade at Nokia between 1990 and 2000.
Rajeev Suri will leave his position on 31st August and act as an advisor to Nokia Board until 1st January 2021. The press releases mentions that Suri indicated earlier to the board that he wants to leave Nokia if a good succession plan is in place and Pekka Lundmark is the result of Board’s search for external and internal candidates.
“After 25 years at Nokia, I have wanted to do something different,” said Suri. “Nokia will always be part of me, and I want to thank everyone that I have worked with over the years for helping make Nokia a better place and me a better leader. 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. I look forward to working with him on a smooth transition and wish him the best success in his new role.”
A new CEO almost always brings changes to a company and with the recent troubles Nokia found themselves in, maybe a change of leadership will have good results for the company.