Pekka Lundmark

Photo Credit: Naidunia

Nokia appoints new CEO Pekka Lundmark to replace Rajeev Suri from September

Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday.

Suri has been in the role for six years and was previously head of Nokia Siemens Networks.

The Finnish company has been struggling to regain investors’ confidence after it issued a surprise profit warning in October that slashed off a third of its value and forced it to admit to some delays in its 5G development.

Source: Hindustan Times