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Nokia Corporation is a global technology company specializing in enabling connectivity and advancing digital transformation. It provides equipment, software, and services for network infrastructure, mobile networks, cloud solutions, and intellectual property licensing. Nokia's offerings cater to communications service providers, enterprises, and licensees worldwide.
- Mobile Networks - Develops products and services for all mobile technology generations, including radio access networks, microwave radio links, and network management solutions.
- Network Infrastructure - Supplies equipment, software, and services for fixed access, IP routing, optical transport, and subsea and terrestrial optical networks.
- Cloud and Network Services - Offers open, secure, automated, and scalable software solutions to accelerate autonomous networks and enable 5G and cloud-native technologies.
- Nokia Technologies - Manages and monetizes intellectual property through licensing patents, technologies, and the Nokia brand.
- Group Common and Other - Includes eliminations and unallocated items related to Nokia's operations.
Name | Position | External Roles | Short Bio | |
---|---|---|---|---|
Mikko Hautala ExecutiveBoard | Chief Geopolitical and Government Relations Officer | Board Member Support for Finnish Society (SYT) foundation; Chairman of the Council at The John Morton Center for North American Studies, University of Turku, Finland | Mikko Hautala is the Chief Geopolitical and Government Relations Officer at Nokia since 1 November 2024 and a member of the Nokia Group Leadership Team. Previously, he built a distinguished diplomatic career serving as Ambassador, Diplomatic Adviser, and other key roles. | |
Tommi Uitto ExecutiveBoard | President of Mobile Networks | Member of the Board of Directors at F-Secure Oyj; Member of the Board of Technology Industries of Finland | Tommi Uitto is the President of Mobile Networks at Nokia and a member of the Group Leadership Team since 2019. He joined Nokia in 1996 and has held various leadership roles including multiple Senior Vice President positions, highlighting his extensive experience in mobile networks and product management. | |
Esa Niinimäki Executive | Chief Legal Officer (CLO) and Board Secretary | Esa Niinimäki has been serving as the Chief Legal Officer (CLO) and Board Secretary at Nokia since 2023, and he joined Nokia in 2007, progressing through several key legal roles prior to his current position. | ||
Federico Guillén Executive | President of Network Infrastructure | Federico Guillén has served as the President of Nokia's Network Infrastructure business group since 2016 and is a key member of Nokia's Group Leadership Team. Previously, he led Customer Operations and Fixed Networks at NOK, enhancing his extensive expertise in telecommunications. | ||
Justin Hotard Executive | President and CEO of Nokia Corporation | Justin Hotard, with over 25 years of experience in leading global technology companies including Intel, Hewlett Packard Enterprise, and NCR Corporation, assumed the role of President and CEO of Nokia Corporation on April 1, 2025. | View Report → | |
Lorna Gibb Executive | Chief People Officer (CPO) | Lorna Gibb is the Chief People Officer (CPO) at Nokia and a member of the Group Leadership Team, having assumed the role on June 13, 2024, after serving as Interim Chief People Officer from March to June 2024. She has extensive HR leadership experience from previous roles at Skyscanner, easyJet, and Direct Line Group. | ||
Louise Fisk Executive | Chief Communications Officer (CCO) | Chief Communications Officer at Nokia since October 18, 2024, previously served as Vice President, Corporate Affairs Programs & Corporate Communications from 2020 to 2024 | ||
Marco Wirén Executive | Chief Financial Officer (CFO) | Marco Wirén is the Chief Financial Officer (CFO) at Nokia since 2020. He has extensive financial leadership experience with previous roles at Wärtsilä, SSAB, Eltel Networks and served as Vice Chair of the Board at Neste Corporation from 2019 to 2023. | ||
Nishant Batra Executive | Chief Strategy and Technology Officer (CSTO) | Nishant Batra is the Chief Strategy and Technology Officer at Nokia since 2021 and a member of the Group Leadership Team. Previously, he served as Executive Vice President and Chief Technology Officer at Veoneer Inc. (2018–2021) and held senior roles at Ericsson (2006–2018). | ||
Patrik Hammarén Executive | President of Nokia Technologies | Patrik Hammarén is the President of Nokia Technologies since 22 January 2025 and a member of the Nokia Group Leadership Team. Previously, he served as Acting President of Nokia Technologies from 18 October 2024 and has been with Nokia since 2007. | ||
Raghav Sahgal Executive | President of Cloud and Network Services | Raghav Sahgal has been serving as the President of Cloud and Network Services at Nokia since 2020. He joined Nokia in 2017 and has held other executive roles, demonstrating extensive leadership in the telecommunications industry. | ||
Victoria Hanharan Executive | Chief of Staff to Nokia's President and CEO | Victoria Hanharan is currently serving as Nokia's Chief of Staff to the President and CEO since June 16, 2025. She has an extensive background in marketing and strategic roles, previously holding key positions at Hewlett Packard Enterprise and St. Jude Medical. | ||
Carla Smits-Nusteling Board | Member of the Nokia Board of Directors | Carla Smits-Nusteling has been a Nokia board member since 2016 and serves as Chair of the Audit Committee, with extensive financial governance experience including a past role as CFO of KPN from 2009 to 2012. | ||
Elizabeth Crain Board | Member of the Board of Directors | Advisory Partner at the Consello Group | Elizabeth Crain has been serving as a Nokia Board Member since 2023 and is the Chair of the Strategy Committee as of 3 April 2024. She previously served as Chief Operating Officer at Moelis & Company from 2007 to 2023 and as Managing Director at UBS Investment Bank from 2005 to 2007. | |
Kai Öistämö Board | Nokia Board Member | Kai Öistämö has served as a Nokia Board Member since 2022 and as Chair of the Technology Committee since April 2024. He previously held executive roles at Nokia, including EVP, Chief Development Officer from 2010 to 2014. | ||
Lisa Hook Board | Nokia Board of Directors Member | Member of the Board of Directors of FIS Global Inc.; Lead Independent Director of the Board of Directors of Philip Morris International; Member of the Board of Zayo Group; Chair of the Advisory Board of Trilantic Capital Partners; Member of the US National Security Telecommunications Advisory Committee | Lisa Hook has served on Nokia's Board of Directors since 2022 and participates in key committees, including the Audit Committee since April 3, 2024. She brings extensive leadership experience from previous roles at companies such as Neustar, Inc. and America Online, Inc.. | |
Mike McNamara Board | Board Member | Mike McNamara is a non-executive board member at Nokia since April 3, 2024, serving on the Audit, Technology, and Strategy Committees. He has an extensive background in technology leadership with previous roles including Executive Vice President and Chief Information Officer at Target Corporation. | ||
Sari Baldauf Board | Chair of the Board of Directors | Chair of the Board of the Finnish Climate Leadership Coalition; Senior Advisor of DevCo Partners Oy | Sari Baldauf has been the Chair of the Nokia Board since 2020. Previously, she served as Executive Vice President and General Manager of Nokia’s Networks Business Group from 1998 to 2005. | |
Søren Skou Board | Vice Chair of the Nokia Board | Chair of the Board of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping; Chair of the Board of HES International; Chair of the Board of Controlant hf; Chair of the Board of Bygma A/S; Member of the Board of CV Obel A/S; Senior Advisor to Global Infrastructure Partners (GIP) | Søren Skou serves as Vice Chair of the Nokia Board since 2022 and as Chair of the Corporate Governance and Nomination Committee since 2024. He previously held multiple executive roles including CEO positions at A.P. Møller – Maersk. | |
Thomas Dannenfeldt Board | Board Member | Member of the Board of Advisors at axxessio GmbH | Thomas Dannenfeldt has been a board member at Nokia since 2020 and currently serves as Chair of the Personnel Committee, Audit Committee member, and Strategy Committee member. Previously, he held significant financial leadership roles at Deutsche Telekom AG, including CFO and various operational roles. | |
Thomas Saueressig Board | Member of the Board of Directors | Member of the Executive Board of SAP SE and Global Head of SAP Product Engineering | Thomas Saueressig has been a Board Member of Nokia since 2022 and participates in the Technology Committee since at least 2024. He brings extensive governance experience from his current role as Member of the Executive Board of SAP SE and Global Head of SAP Product Engineering. | |
Timo Ahopelto Board | Board Member | Founding Partner of Lifeline Ventures | Timo Ahopelto has been a Nokia Board Member since 2023 and serves on the Personnel and Technology Committees since 3 April 2024. He has extensive leadership experience, having previously held roles as Founding CEO at CRF Health and Head of Strategy and Business Development at Blyk. |
- Regarding the onetime EUR 120 million contract settlement in Mobile Networks, can you clarify how this charge will affect future margin expectations and what measures are in place to ensure that similar issues do not recur?
- With tariffs estimated to impact operating profit by EUR 20–30 million in Q2, can you elaborate on the underlying assumptions behind this forecast and detail how you plan to mitigate these cost pressures across your global manufacturing network?
- Concerning the Infinera acquisition, given the initial loss recorded in Q1 and your stated EUR 200 million synergy target, what specific integration actions will accelerate the turnaround in Infinera’s performance, and how will this impact your overall margin profile?
- As you balance capital allocation between high-growth segments like Network Infrastructure and more stabilizing segments such as Mobile Networks, how do you prioritize investments to ensure sustainable long-term value creation?
- With enterprise sales reporting strong 27% organic growth driven by hyperscale demand, what strategies are you implementing to maintain this momentum amid observed hesitancy from some hyperscale customers regarding data center investments?
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
---|---|---|
Infinera Corporation | 2025 | The deal was completed on 28 February 2025 with a total purchase consideration of EUR 2.5 billion that included cash, Nokia shares, performance-based awards, and convertible senior notes, significantly strengthening Nokia's optical networks and data center growth strategy while integrating Infinera’s team and leadership into Nokia’s Network Infrastructure segment. |
No recent press releases or 8-K filings found for NOK.