02 Mar 2020

Pekka Lundmark appointed CEO of Nokia

Nokia’s Board of Directors has welcomed Pekka Lundmark back to the company as its new president and chief executive officer. Rajeev Suri, the company’s current president and CEO, had previously indicated he was considering stepping down from his role provided a solid succession plan was in place.

Between 1990 and 2000, Lundmark held multiple executive positions at Nokia, including vice president of strategy and business development at Nokia Networks. He is expected to start his new role at the beginning of September and will be based in Espoo, Finland.

Lundmark is currently President and CEO of Fortum, an energy company based in Espoo, Finland, where he renewed the company’s strategy and positioned it to be a strong player in the global energy sector. Prior to that, Lundmark served as president and CEO of Konecranes, a global material-handling technology company.

Lundmark said, “I am honored to have the opportunity to lead Nokia, an extraordinary company that has so much potential and so many talented people. Together we can create shareholder value by delivering on Nokia’s mission to create the technology to connect the world. 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. Strong values, leading innovation and unflinching commitment to our customers have always been core to Nokia and I want to put this even more at our center as we move forward.”