Nokia CorporationStock Exchange Release May 31, 2018 at 13:15
(CET +1)
Nokia announces a change in the composition of the Nokia
Group Leadership Team
- Nokia appoints Maria Varsellona as president of Nokia
Technologies in addition to her current role as Chief Legal
Officer
- Gregory Lee, the current Nokia Technologies president, to leave
the company
Espoo, Finland - Nokia today announced that the president of
Nokia Technologies, Gregory Lee, will leave the company following
the closure of the Digital Health business sale. Lee will be
replaced by Maria Varsellona, who remains Chief Legal Officer and
continues to report to Nokia President and Chief Executive Officer
Rajeev Suri as a member of Nokia's Group Leadership Team.
Lee steps down from the Group Leadership Team effective
immediately, and will leave Nokia after a transition period.
"Gregory came to Nokia, made a clear-eyed assessment of our
consumer business and incubation activities, and took the bold
decision to refocus Nokia Technologies on licensing," said Rajeev
Suri. "As part of that effort, he assessed strategic options for
Digital Health, which led to the sale of that business. Given that,
we have agreed that his work at Nokia is done. He leaves the
company with my great appreciation and thanks."
"I look forward to working together with Maria as we continue to
further build Nokia's licensing business," Suri added. "I am also
pleased that Barry French, Nokia's Chief Marketing Officer, has
agreed to replace Gregory on the Board of HMD Global, our partner
for Nokia branded mobile phones."
Gregory Lee said: "I am proud of the fact that I leave Nokia
Technologies as a stronger and more focused organization,
strategically aligned to make a meaningful impact on Nokia's
business performance. I am thankful for my time at Nokia and wish
the team continued success."
Following the departure of Lee, Nokia's Group Leadership Team
consists of the following members: Rajeev Suri, Basil Alwan,
Hans-Juergen Bill, Kathrin Buvac, Ashish Chowdhary, Joerg
Erlemeier, Barry French, Sanjay Goel, Bhaskar Gorti, Federico
Guillén, Kristian Pullola, Sri Reddy, Marc Rouanne, Maria
Varsellona and Marcus Weldon.
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Media Enquiries:Nokia CommunicationsTel. +358 (0) 10 448
4900Email: press.services@nokia.com Jon Peet, Vice President,
Corporate Communications
FORWARD-LOOKING STATEMENTSIt should be noted that Nokia and its
businesses are exposed to various risks and uncertainties and
certain statements herein that are not historical facts are
forward-looking statements, including, without limitation, those
regarding: A) our ability to integrate acquired businesses into our
operations and achieve the targeted business plans and benefits,
including targeted benefits, synergies, cost savings and
efficiencies; B) expectations, plans or benefits related to our
strategies and growth management; C) expectations, plans or
benefits related to future performance of our businesses; D)
expectations, plans or benefits related to changes in
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results of operations including targeted synergies and those
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information currently available to it. Because they involve risks
and uncertainties, actual results may differ materially from the
results that we currently expect. Factors, including risks and
uncertainties that could cause these differences include, but are
not limited to: 1) our strategy is subject to various risks and
uncertainties and we may be unable to successfully implement our
strategic plans, sustain or improve the operational and financial
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intellectual property from infringement, 4) our ability to retain,
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well as the risk factors specified on pages 71 to 89 of our 2017
annual report on Form 20-F published on March 22, 2018 under
"Operating and financial review and prospects-Risk factors" and in
our other filings or documents furnished with the U.S. Securities
and Exchange Commission. Other unknown or unpredictable factors or
underlying assumptions subsequently proven to be incorrect could
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