Pekka Lundmark will start his new role as President and Chief Executive Officer of Nokia on August 1, 2020, one month earlier than previously communicated.
Rajeev Suri will leave his current position on July 31, 2020 and continue to serve as an advisor to the Nokia Board until January 1, 2021.
The earlier start date is due to Fortum having appointed a new CEO as of July 1, 2020 and after a one-month transition period Pekka is available to take over at Nokia.
Lundmark is currently President and CEO of Fortum, a leading energy company based in Espoo, Finland, where he consistently delivered robust total shareholder returns, successfully renewed the company’s strategy, and positioned it to be a strong player in the transforming global energy sector.
Prior to Fortum, Lundmark served as President and CEO of Konecranes, a global material-handling technology leader, and from 1990-2000 he held multiple executive positions at Nokia, including Vice President of Strategy and Business Development at Nokia Networks.
Lundmark holds a Master of Science degree from Helsinki University of Technology. He will be based in Espoo, Finland.