Company: NOKBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001104659-25-101680
Chunk: 27

Company: NOKIA CORP
Filing Date: 2025-10-23
Form: 6-K
Chunk 27
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 business. On 10 February 2025, Nokia announced its President and CEO, Pekka        
 Lundmark, would step down effective 31 March 2025. The Board of Directors appointed Justin          
 Hotard as the next President and CEO. He started in his new role on 1 April 2025. Mr. Hotard        
 joined Nokia with more than 25 years of experience with global technology companies, driving        
 innovation and technology leadership as well as delivering revenue growth. He last led the          
 Data Center & AI Group at Intel. Mr. Lundmark will stay on as an advisor to Mr. Hotard              
 until the end of the year to ensure a smooth transition. On 16 June 2025, Nokia announced           
 changes to its Group Leadership Team. Federico Guillén will retire from Nokia on 31                 
 December 2025. He stepped down from his role as President of Nokia’s Network Infrastructure         
 business group and from the Group Leadership Team on 30 June 2025. As part of a managed transition, 
 David Heard, NI Chief Strategic Growth Officer, and former CEO of Infinera, was promoted            
 to President of Network Infrastructure and joined the Group Leadership Team, effective 1            
 July 2025. David reports to Nokia’s President and CEO, Justin Hotard, and is based                  
 in Dallas. Federico and David will work together to ensure a seamless transition. In addition,      
 Victoria Hanrahan joined Nokia’s Group Leadership Team as Chief of Staff to the President           
 and CEO, effective immediately upon the announcement. 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. Hanrahan         
 reports to Nokia’s President and CEO and is based in Espoo. On 26 June 2025, Nokia                  
 announced that its Chief People Officer, Lorna Gibb, decided to leave the company and step          
 down from its Group Leadership Team to pursue another opportunity, effective immediately.           
 A recruitment process is continuing for her successor. Esa Niinimäki, Chief Legal Officer,          
 has assumed the CPO responsibilities in the interim period. On 17 September 2025 Nokia announced    
 changes to its leadership team and the creation of Technology and AI and Corporate Development      
 Organizations to strengthen the company’s capabilities in technology innovation, bring              
 better support to business development and create more focused organizations. Pallavi Mahajan       
 joined Nokia as Chief Technology and AI Officer and Konstanty Owcz