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fifth generation

Nokia to replace CEO by Fortum chief

5 mins read

The FINANCIAL — Nokia’s chief executive officer Rajeev Suri will step down in September and be replaced by the current head of Finnish energy group Fortum. Lundmark, head of Fortum since 2015, held multiple executive positions at Nokia between 1990 and 2000, including vice president of strategy and business development at Nokia Networks. Nokia is replacing its chief executive as the Finnish telecoms equipment maker struggles in the battle to dominate 5G mobile networks amid fierce competition from China’s Huawei and Sweden’s Ericsson. Pekka Lundmark, chief executive of Finnish utility Fortum, will take over as head of Nokia on September…

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Nokia to replace CEO by Fortum chief

5 mins read

The FINANCIAL — Nokia’s chief executive officer Rajeev Suri will step down in September and be replaced by the current head of Finnish energy group Fortum. Lundmark, head of Fortum since 2015, held multiple executive positions at Nokia between 1990 and 2000, including vice president of strategy and business development at Nokia Networks. Nokia is…