Former Nokia Siemens Networks CEO to begin new role on May 1, with a new leadership team appointed following the completion of its £4.5 billion acquisition by Microsoft
Nokia has named Rajeev Suri as its new president and CEO as the manufacturer begins its ‘new chapter’ under Microsoft, which completed its £4.5 billion purchase of the firm this week.
Suri has spent 20 years at Nokia and has held a number of positions, most recently as CEO of Nokia Siemens Networks since October 2009.
He will replace interim CEO Risto Siilasmaa, also chairman of the Nokia Board of Directors, from May 1.
Suri said: “Nokia’s strategy is to develop its three businesses in order to realise its vision of being a technology leader in a connected world and, in turn, create long-term shareholder value.”
Siilasmaa added: “As Nokia opens this new chapter, the Nokia Board and I are confident that Rajeev is the right person to lead the company forward. He has a proven ability to create strategic clarity, drive innovation and growth, ensure disciplined execution, and deliver results.
The new leadership team is as follows:
Rajeev Suri as president and CEO of Nokia;
Timo Ihamuotila as executive vice president and Group chief financial officer (pictured right);
Michael Halbherr as CEO of HERE.
Henry Tirri as executive vice president and acting head of technologies.
Samih Elhage as executive vice president and chief financial and operating officer of Networks.
The current Nokia leadership team has now been disbanded. On April 25, Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber transferred to Microsoft. In addition, Louise Pentland, Juha Äkräs and Kai Öistämö will leave the company on May 1.
As replacements, Nokia has appointed Hans-Jürgen Bill as executive vice president of human resources, Barry French as executive vice president of marketing and corporate affairs, and Maria Varsellona as executive vice president and chief legal officer.
Suri added: “We intend to move fast to further refine our execution plan, build the right company culture, and institute the necessary operational governance and performance management systems.”
Nokia said it will target the creation of long-term shareholder value by focussing on the following three areas:
Networks: Through its Networks business (formerly Nokia Solutions and Networks, or NSN), it will invest in products and services it said are needed by telecoms operators to manage the increase in wireless data traffic, which is more than doubling every year. Future investment will focus on further building on its position in mobile broadband and related services, and strengthening the leadership position in next-generation network technologies.
Today, the Networks business serves more than 90 of the world’s 100 largest operators. It conducted trials and pre-commercial live projects with more than 50 customers in 2013.
HERE: Through its HERE business, Nokia said it will invest to further develop its location cloud to make it the leading source of location intelligence and experiences across many different operating systems, platforms and screens.
It will target its investment in three areas: 1) technology for smart, connected cars; 2) cloud-based services for personal mobility and location intelligence, including for the growing segment of wearables and special purpose devices; and 3) location-based analytics for better business decisions.
HERE provided map content, powering four out of five in-car navigation systems. Its location platform is used by leading internet companies such as Amazon, Microsoft and Yahoo.
Technologies: Through its Technologies business, it will invest in the further development of its portfolio. This will include 1) expanding its intellectual property licensing program; 2) helping other companies benefit from its innovations through technology licensing; and 3) exploring new technologies for use in potential future products and services.
The Technologies team includes hundreds of scientists and engineers who have driven more than half of Nokia’s recent patent filings.