Pekka Lundmark Appointed As President, CEO of Nokia

Finnish telecommunications equipment maker Nokia's president and CEO Rajeev Suri will step down, while Pekka Lundmark, the outgoing president and CEO of Finnish energy firm Fortum, will succeed him, Nokia said today.

Suri will leave his current position on Aug. 31 and serve as an adviser to the Nokia board until Jan. 1, 2021.

Noting that he has been supporting Nokia for 25 years, Suri said that he now wants to do something different, adding that Lundmark is a perfect option for the business.

In a written statement, Lundmark described Nokia as "a remarkable business with a lot of promise and talented people."

Lundmark, 57, held executive positions at Nokia between 1990 and 2000 and become the CEO of Fortum in 2015, and is also the chairman of the board of the Confederation of Finnish Industries.

Source: Xinhua