Company: NOKBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001104659-25-070159
Chunk: 11

Company: NOKIA CORP
Filing Date: 2025-07-24
Form: 6-K
Chunk 11
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 rights entitling to shares in one or more issues. The 
 authorizations are effective until 28 October 2026 and they      
 terminated the corresponding authorizations granted by the       
 AGM on 3 April 2024.                                             
 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, has decided to leave the company and step   
 down from its Group Leadership Team to pursue another            
 opportunity, effective immediately. A recruitment process has    
 begun for her successor. Esa Niinimäki, Chief Legal Officer,     
 assumed Lorna’s responsibilities in the interim period as the    
 search commences.                                                
 24 July 2025 12                                                  |

| Shares                                                             
 The total number of Nokia shares on 30 June 2025, equaled          
 5 455 850 345. On 30 June 2025, Nokia and its subsidiary           
 companies held 76 755 096 Nokia shares, representing               
 approximately 1.4% of the total number of Nokia shares and         
 voting rights.                                                     
 Risk Factors                                                       
 Nokia and its businesses are exposed to a number of risks and      
 uncertainties which include but are not limited to:                
 ▪ Competitive intensity, which is expected to continue at a high   
 level as some competitors seek to take share;                      
 ▪ Changes in customer network