Press Release
31 December, 2018
Espoo, Finland - Nokia today named Sandra D. Motley as President
of its Fixed Networks Business Group effective January 1, 2019. She
will report to Nokia President and CEO Rajeev Suri.
Motley will succeed Federico Guillén, who as previously
announced has been named President of Customer Operations, EMEA
& APAC effective January 1, 2019.
"Sandy is an exceptional leader with comprehensive executive
management background across global business functions, and she
brings business acumen, strong customer relationship skills, and
proven success in leading cross-functional teams to deliver on
challenging business and operational objectives. I am pleased that
she has accepted this role," said Nokia President and Chief
Executive Officer Rajeev Suri.
Motley is a seasoned telecommunications professional with
leadership experience spanning business development, sales,
marketing, research, product development, portfolio management and
strategy.
She started her career at AT&T Bell Laboratories, held a
range of R&D and sales leadership positions at Alcatel-Lucent
in both fixed and wireless businesses, and then joined Nokia in
2016. At Alcatel-Lucent, her roles included leading sales for
U.S. wireless accounts and serving as Chief Operating Officer (COO)
for that company's wireless business, where she was responsible for
R&D, Quality and Operational functions. After becoming part of
Nokia, Motley oversaw end-to-end solutions for the North America
market, and most recently, she has held the role of COO for the
Fixed Networks business group.
Motley holds MS and BS degrees in Mechanical Engineering from
S.U.N.Y. at Buffalo and received an MBA in Finance from Fairleigh
Dickinson University.
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. These forward-looking statements
reflect Nokia's current expectations and views of future
developments and include statements regarding: A) expectations,
plans or benefits related to our strategies and growth management;
B) expectations, plans or benefits related to future performance of
our businesses; C) expectations and targets regarding financial
performance, results, operating expenses, taxes, currency exchange
rates, hedging, cost savings and competitiveness, as well as
results of operations including targeted synergies and those
related to market share, prices, net sales, income and margins; D)
expectations, plans or benefits related to changes in
organizational and operational structure; E) expectations regarding
market developments, general economic conditions and structural
changes; F) 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; G) expectations, plans or benefits related to any
future collaboration or to business collaboration agreements or
patent license agreements or arbitration awards, including income
to be received under any collaboration or partnership, agreement or
award; H) timing of the deliveries of our products and services,
including our expectations around the rollout of 5G services; I)
expectations and targets regarding collaboration and partnering
arrangements, joint ventures or the creation of joint ventures, and
the related administrative, legal, regulatory and other conditions,
as well as our expected customer reach; J) outcome of pending and
threatened litigation, arbitration, disputes, regulatory
proceedings or investigations by authorities; K) expectations
regarding restructurings, investments, capital structure
optimization efforts, uses of proceeds from transactions,
acquisitions and divestments and our ability to achieve the
financial and operational targets set in connection with any such
restructurings, investments, capital structure optimization
efforts, divestments and acquisitions; and L) statements preceded
by or including "believe", "expect", "expectations", "commit",
"anticipate", "foresee", "sees", "target", "estimate", "designed",
"aim", "plans", "intends", "focus", "continue", "project",
"should", "is to", "will" or similar expressions. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control, which could
cause actual results to differ materially from such statements.
These statements are based on management's best assumptions and
beliefs in light of the information currently available to it.
These forward-looking statements are only predictions based upon
our current expectations and views of future events and
developments and are subject to risks and uncertainties that are
difficult to predict because they relate to events and depend on
circumstances that will occur in the future. 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 performance of our business groups,
correctly identify or successfully pursue business opportunities or
otherwise grow our business; 2) general economic and market
conditions and other developments in the economies where we
operate, including the timeline for the deployment of 5G and our
ability to successfully capitalize on that deployment; 3) our
ability to manage and improve our financial and operating
performance, cost savings, competitiveness and synergies generally
and our ability to implement changes to our organizational and
operational structure efficiently; 4) our ability to retain,
motivate, develop and recruit appropriately skilled employees, as
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
cause actual results to differ materially from those in the
forward-looking statements. We do not undertake any obligation to
publicly update or revise forward-looking statements, whether as a
result of new information, future events or otherwise, except to
the extent legally required.
About NokiaWe create the technology to connect the world.
Powered by the research and innovation of Nokia Bell Labs, we serve
communications service providers, governments, large enterprises
and consumers, with the industry's most complete, end-to-end
portfolio of products, services and licensing.
We adhere to the highest ethical business standards as we create
technology with social purpose, quality and integrity. Nokia is
enabling the infrastructure for 5G and the Internet of Things to
transform the human experience. www.nokia.com
Media Inquiries:Nokia Communications Phone: +358 10
448 4900 Email: press.services@nokia.com
Nokia (NYSE:NOK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nokia (NYSE:NOK)
Historical Stock Chart
From Sep 2023 to Sep 2024