Nokia Gets New CEO

Rajeev Suri
Nokia, which last week completed the sale of its ailing mobile phone business to Microsoft, has appointed Rajeev Suri to lead the technology company forward.

Indian-born Mr Suri, who has been with Nokia for almost 20 years and has led Nokia Solutions and Networks since 2009,  will take over as Nokia chief executive on May 1 .

Risto Siilasmaa, chairman of the Nokia board, said: ‘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.

Nokia also said it was reviewing its strategy to deal with the remaining networks, mapping and technology development and licences.

The company said: ‘Over the next 10 years billions of connected devices will converge into intelligent and programmable systems that will have the potential to improve lives in a vast number of areas: time and availability, transportation and resource consumption, learning and work, health and wellness, and many more.

In a statement, Mr Suri said: ‘The world of technology is on the verge of a change that we believe will be as profound as the creation of the internet. With our three strong businesses – Networks, HERE and Technologies – and position as one of the world’s largest software companies, we are well placed to meet our goal to be a leader in the technologies for a world where everybody and everything is connected.”

The appointment of Mr Suri came ahead of the  company’s first-quarter results on Tuesday, which showed net sales in the first three months of 2014 fell 15pc to €2.7bn (£2.2bn) compared to the same quarter last year. However, underlying operating profitability for Nokia’s continuing operations increased to €304m, or 11.4pc of net sales, compared to €254m, or 8.1pc of net sales, in the first quarter of 2013.


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