Company: NOKBF
Filing Date: 2025-09-17
Form Type: 6-K
Source: 0001104659-25-090599
Chunk: 1

Company: NOKIA CORP
Filing Date: 2025-09-17
Form: 6-K
Chunk 1
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 2025.

“To succeed in the AI supercycle, we
need to focus on where we can drive differentiation through our core technologies, strengthen our capabilities in security and AI, and
maximize the value of partnerships in our ecosystem. Having a dedicated Technology and AI organization will be an important asset for
us and our customers. The new Corporate Development organization will accelerate our strategy evolution and execution, and support our
businesses,” said Nokia’s President and CEO Justin Hotard.

The Technology and AI Organization
will integrate Nokia Bell Labs, Technology and AI Leadership, and Group Security. This organization will be led by Pallavi Mahajan, previously
Corporate Vice President and General Manager of Data Center and Artificial Intelligence Software at Intel. She has significant experience
from networks, software and AI. Mahajan has held several executive roles, including leading Intel’s innovation at the intersection
of networking, mobility, cloud, edge and AI. At HPE, she pioneered supercomputing programs and led the company’s hybrid cloud strategy.
Earlier in her career at Juniper Networks, she spearheaded the development towards self-driving networks.

Corporate Development Organization
will integrate Corporate Development, Strategic Partnerships, Mergers and Acquisitions, incubation activities and NGP Capital. This organization
will be led by Konstanty Owczarek, who has broad experience in corporate development, investment banking, investing and strategy. He
has held executive positions at HPE’s High Performance Compute, AI & Labs business, where he led strategy and business development,
including the strategic pivot to Generative AI, as well as product life cycle management and other operating management. Before HPE he
was Head of Strategy and Innovation for AIG’s Life and Retirement business.

www.nokia.com

| Stock             
 exchange release  |     | 2 (4) |
| 17 September 2025 |     |       |

“I am delighted to welcome Pallavi
to Nokia. She is recognized for her rare combination of deep technical expertise, commercial acumen, and proven ability to scale multi-billion-dollar
product portfolios at the intersection of AI, mobile, and edge computing. I am also excited to welcome Konstanty to Nokia. He brings
with him a unique combination of expertise spanning strategy, corporate development and finance across a variety of industries,”
Hotard continued.

Nishant Batra has decided to step down as
Chief Strategy and Technology Officer and from the Group Leadership Team on 30 September 2025.

“I would like to thank Nishant