TIDMNOKIA
Nokia Corporation
Stock Exchange Release
December 12, 2019 at 9.30 (CET +1)
Stephanie Werner appointed Chief Human Resources Officer and a member of
the Nokia Group Leadership team as Hans-Jürgen Bill retires
Espoo, Finland -- Nokia today announced the appointment of Stephanie
Werner, as Chief Human Resources Officer, effective January 1, 2020.
Hans-Jürgen Bill, Nokia's current Chief Human Resources Officer,
will retire in May 2020.
Stephanie Werner has been with Nokia since 1998 and has held various HR
leadership positions in countries including China, Switzerland,
Philippines, USA and Romania. She will be based in Finland.
"I am pleased to be able to welcome Stephanie to take the lead on our
people strategy during a critical time for Nokia," said Rajeev Suri,
President and Chief Executive Officer of Nokia. "She will play a key
role in enabling our ongoing transformation and building a
high-performance culture. I want to thank Hans-Jürgen for his many
contributions to Nokia and wish him all the best in his retirement. He
has played a vital role in leading and renewing Nokia during challenging
times."
"I am excited to take on the challenge of leading human resources at
Nokia," said Stephanie Werner. "With the strong Nokia-team, we will
continue to implement our people strategy and develop Nokia's culture
towards further inclusion and high-performance."
Additional background on all current members of the GLT can be found at
https://www.globenewswire.com/Tracker?data=T0k3_2dUcHYaJB0AT5VJ4pR0NoCUfg4v-p70dnSq1W2GgeZ1PIQWBUoK1AyyJKXlIdHA__kQCcdueQ4IZZ_HPj6vv5Ap4R01gVlxUMNKV2cyd-taJ0gmcJYc8pDem1PpwUqPTcQEHZhgwd_oi8iep0S51P1T1fDEzGHh4i04U6SeXUJa-1ZhyQ1t7y1V9pFo3VJordD2u5RhKRhDL33BEms8WbsoQFT2M-VAMum__FofYSM6CFmV1okJwE6IjN9q
https://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team.
About Nokia
We create the technology to connect the world. We develop and deliver
the industry's only end-to-end portfolio of network equipment, software,
services and licensing that is available globally. Our customers include
communications service providers whose combined networks support 6.1
billion subscriptions, as well as enterprises in the private and public
sector that use our network portfolio to increase productivity and
enrich lives.
Through our research teams, including the world-renowned Nokia Bell Labs,
we are leading the world to adopt end-to-end 5G networks that are faster,
more secure and capable of revolutionizing lives, economies and
societies. Nokia adheres to the highest ethical business standards as we
create technology with social purpose, quality and integrity.
https://www.globenewswire.com/Tracker?data=THIf_sNCI2vgNWUbkG446soNfmiVJLHGRM-YtO6BRzXrjeBZ9g1j6MeP8umL-BafZ84gVzsSoBE3dsGYzPfn-Q==
www.nokia.com.
Media Inquiries
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
Katja Antila, Head of Media Relations
FORWARD-LOOKING STATEMENTS
It 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 and any expected future dividends; C) expectations and
targets, and any mathematical analysis derived from such expectations
and targets, regarding financial performance, results, the timing of
receivables, 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 competition within our market; market
developments, general economic conditions and structural change globally
and in national and regional markets, such as China; 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 short term and longer term
expectations around the rollout of 5G, investment requirements with such
rollout, and our ability to capitalize on such rollout; as well as the
overall readiness of the 5G ecosystem; 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,
including our current cost savings program; L) expectations, plans or
benefits related to future capital expenditures, temporary incremental
expenditures or other R&D expenditures to develop or rollout of software
and other new products, including 5G; M) expectation regarding our
customers' future capital expenditure constraints; and N) statements
preceded by or including "believe", "expect", "expectations", "commit",
"anticipate", "foresee", "see", "target", "estimate", "designed", "aim",
"plan", "intend", "influence", "assumption", "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) competition and our ability to effectively and
profitably invest in existing and new high-quality products, services,
upgrades and technologies and bring them to market in a timely manner;
4) our dependence on the development of the industries in which we
operate, including the cyclicality and variability of the information
technology and telecommunications industries and our own R&D
capabilities and investments; 5) our dependence on a limited number of
customers and large multi-year agreements, as well as external events
impacting our customers including mergers and acquisitions; 6) our
ability to maintain our existing sources of intellectual
property-related revenue through our intellectual property, including
through licensing, establish new sources of revenue and protect our
intellectual property from infringement; 7) our ability to manage and
improve our financial and operating performance, cost savings,
competitiveness and synergies generally, expectations and timing around
our ability to recognize any net sales and our ability to implement
changes to our organizational and operational structure efficiently; 8)
our global business and exposure to regulatory, political or other
developments in various countries or regions, including emerging markets
and the associated risks in relation to tax matters and exchange
controls, among others; 9) our ability to achieve the anticipated
benefits, synergies, cost savings and efficiencies of acquisitions; 10)
exchange rate fluctuations, as well as hedging activities; 11) our
ability to successfully realize the expectations, plans or benefits
related to any future collaboration or business collaboration agreements
and patent license agreements or arbitration awards, including income to
be received under any collaboration, partnership, agreement or
arbitration award; 12) Nokia Technologies' ability to protect its IPR
and to maintain and establish new sources of patent, brand and
technology licensing income and IPR-related revenues, particularly in
the smartphone market, which may not materialize as planned, 13) our
dependence on IPR technologies, including those that we have developed
and those that are licensed to us, and the risk of associated
IPR-related legal claims, licensing costs and restrictions on use; 14)
our exposure to direct and indirect regulation, including economic or
trade policies, and the reliability of our governance, internal controls
and compliance processes to prevent regulatory penalties in our business
or in our joint ventures; 15) our reliance on third-party solutions for
data storage and service distribution, which expose us to risks relating
to security, regulation and cybersecurity breaches; 16) inefficiencies,
breaches, malfunctions or disruptions of information technology systems,
or our customers' security concerns; 17) our exposure to various legal
frameworks regulating corruption, fraud, trade policies, and other risk
areas, and the possibility of proceedings or investigations that result
in fines, penalties or sanctions; 18) adverse developments with respect
to customer financing or extended payment terms we provide to customers;
19) the potential complex tax issues, tax disputes and tax obligations
we may face in various jurisdictions, including the risk of obligations
to pay additional taxes; 20) our actual or anticipated performance,
among other factors, which could reduce our ability to utilize deferred
tax assets; 21) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 22) disruptions to our manufacturing,
service creation, delivery, logistics and supply chain processes, and
the risks related to our geographically-concentrated production sites;
23) the impact of litigation, arbitration, agreement-related disputes or
product liability allegations associated with our business; 24) our
ability to re-establish investment grade rating or maintain our credit
ratings; 25) our ability to achieve targeted benefits from, or
successfully implement planned transactions, as well as the liabilities
related thereto; 26) our involvement in joint ventures and
jointly-managed companies; 27) the carrying amount of our goodwill may
not be recoverable; 28) uncertainty related to the amount of dividends
and equity return we are able to distribute to shareholders for each
financial period; 29) pension costs, employee fund-related costs, and
healthcare costs; 30) our ability to successfully complete and
capitalize on our order backlogs and continue converting our sales
pipeline into net sales; and 31) risks related to undersea
infrastructure, as well as the risk factors specified on pages 60 to 75
of our 2018 annual report on Form 20-F published on March 21, 2019 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.
(END) Dow Jones Newswires
December 12, 2019 02:45 ET (07:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Nokia (NYSE:NOK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nokia (NYSE:NOK)
Historical Stock Chart
From Sep 2023 to Sep 2024