Rajeev Suri, the chief executive of Nokia, is stepping down from his leadership role after overseeing the Finnish networking giant for more than 10 years. Pekka Lundmark, currently the President and CEO of energy firm Fortum, has been elected as the President and Chief Executive Officer of Nokia, the Finnish company announced on Monday.
The networking giant said Suri had expressed his intention to step down from the role and that they have been working to formulate a smooth transition. “After 25 years at Nokia, I have wanted to do something different,” said Suri. Lundmark is expected to start his role September 1. “Nokia will always be part of me, and I want to thank everyone that I have worked with over the years for helping make Nokia a better place and me a better leader. I leave the company with a belief that a return to better performance is on the horizon and with pride for what we have accomplished over time. Pekka is an excellent choice for Nokia. I look forward to working with him on a smooth transition and wish him the best success in his new role,” Suri said. This is a developing story…