Nokia announces a change in the composition of the Group Leadership Team
October 27 2016 - 1:14AM
Nokia announced today that Timo Ihamuotila, Chief Financial Officer
of Nokia, resigns from the company to join ABB in Switzerland as
Chief Financial Officer and a member of the Executive committee.
Ihamuotila will continue in his current role as Nokia CFO and as a
member of the company's Group Leadership Team until December 31,
2016, and will remain as an advisor to the company until February
28, 2017.
Kristian Pullola, who currently is Nokia's Senior Vice
President, Corporate Controller, is appointed as Chief Financial
Officer and member of the Group Leadership Team as of January 1,
2017.
As a result of this change, effective from January 1, 2017, the
Nokia Group Leadership Team will consist of the following members:
Rajeev Suri, Kristian Pullola, Samih Elhage, Federico Guillén,
Basil Alwan, Bhaskar Gorti, Hans-Jürgen Bill, Kathrin Buvac, Ashish
Chowdhary, Barry French, Marc Rouanne and Maria Varsellona.
"Timo has helped make Nokia a stronger and better company, and
he has my admiration," said Rajeev Suri, President and Chief
Executive Officer of Nokia. "He was instrumental in the purchase of
the Siemens share of Nokia Siemens Networks; the sale of Nokia's
Devices & Services business to Microsoft; the divestment of
HERE, our former mapping business; the recent acquisition of
Alcatel-Lucent, and more. He has also played an important role in
driving the strong performance of Nokia in recent years. Timo will
be missed, but given that he rejoined Nokia in 1999, and now has
been in the CFO role for seven years, I understand and support his
desire for a new challenge at this point in his career."
Suri further adds: "I am delighted that we are able to appoint
Kristian Pullola as Timo's successor, effective January 1, 2017.
Kristian has been a strong contributor to the Nokia team since he
joined us in 1999. He has expertise in all aspects of the CFO
function, deep knowledge across our business in critical areas such
as patent licensing and has been heavily involved in all key
aspects of the Nokia transformation. Kristian's track record, plus
his close collaboration with Timo over many years, makes me
confident that his transition into the role will be smooth and
effective. We are very excited to have Kristian join the Group
Leadership Team as Timo's successor."
Timo Ihamuotila said: "Nokia has been an important part of my
life. After over 15 years with the company, it is time for me to
take on a new challenge in a new company in a new industry. I am
pleased to see a great long-time colleague taking over the role,
and I leave knowing that the company is well-positioned for the
future and focused on the right areas, with strong execution
capabilities and a great team. Nokia will always have a place in my
heart and I wish everyone in the company the very best for the
coming years."
Kristian Pullola said: "I am honored to have been selected as
the new Chief Financial Officer of Nokia, and look forward to
working with Rajeev and the rest of the Nokia team to create
shareholder value in the years to come."
About Nokia Nokia is a global leader in the technologies
that connect people and things. Powered by the innovation of Nokia
Bell Labs and Nokia Technologies, the company is at the forefront
of creating and licensing the technologies that are increasingly at
the heart of our connected lives.
With state-of-the-art software, hardware and services for any
type of network, Nokia is uniquely positioned to help communication
service providers, governments, and large enterprises deliver on
the promise of 5G, the Cloud and the Internet of Things.
www.nokia.com Media Enquiries: Nokia Communications Tel.
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