Company: NOKBF
Filing Date: 2025-06-16
Form Type: 6-K
Source: 0001104659-25-059718
Chunk: 1

Company: NOKIA CORP
Filing Date: 2025-06-16
Form: 6-K
Chunk 1
---
ard,
and be based in Dallas. Federico and David will work together to ensure a seamless transition.

Heard joined Nokia with the
acquisition of Infinera in February 2025. He was previously CEO of Infinera and, prior to that held the role of Infinera’s
Chief Operating Officer, responsible for leading the innovation of new solutions and the overall operational excellence of the company.
Before joining Infinera, Heard held senior positions across various technology companies in the U.S. including JDSU, BigBand Networks,
Somera Communications, Lucent and AT&T gaining comprehensive experience of the telecoms industry and demonstrating a strong growth
mindset and a commitment to innovation leadership.

“I want to thankFederico
for his exceptional leadership and contribution to Nokia. As the first President of Network Infrastructure, he has been instrumental in
building a high-performing and profitable business with a strong customer focus, helping to position the business for long-term growth.
His leadership during major portfolio changes, including the divestment of the Submarine Networks business and acquisition of Infinera,
has laid a solid foundation for the future. We’re grateful for his service and wish him the very best on his next chapter,”
said Justin Hotard, President and CEO of Nokia.

“I’m excited to welcome David to the Group Leadership Team
as the new head of our Network Infrastructure business. David has a proven track record of scaling businesses and driving innovation,
and he brings a deep expertise of hyperscalers and AI-optimized solutions to the business. I’m confident he is the right leader
to take Network Infrastructure forward,” Hotard continued.

| Stock exchange release | 2 (3) |

In addition, Victoria Hanrahan will join Nokia’s Group Leadership
Team as Chief of Staff to the President and CEO, effective immediately. She will focus on driving strategic and operational initiatives,
including operational excellence, improving cross-functional execution and ensuring organizational alignment across the Global Leadership
Team. Victoria will report to Nokia’s President and CEO and be based in Espoo.

Additional background information on all current members of the Group Leadership Team can be found at:.

David Heard, CV

Born: 1968

Nationality: US national

Education:

Masters, Management Science (Sloan), Stanford University
Graduate School of Business

Master of Business Administration (MBA), University
of Dayton

BA, Production & Operations Mgt, The Ohio
State University

Experience:

2025 (February-June) Chief Growth Officer