Nokia names new CFO, as exec reshuffle continues

The new chief financial officer will commence their duties as of the beginning of September 2020
Nokia, CXO, CFO, Leadership, Appointments, Telecoms

Share

Finnish network equipment provider, Nokia, has announced that it has appointed a new Chief Financial Officer, as the company continues an overhaul of its senior executives.

Nokia named a Marco Wiren as its new finance chief on Thursday, with Wiren joining from Finnish engineering firm Wartsila. He will take over from Kristian Pullola from the 1st of September 2020.

“Marco Wiren has deep financial and leadership experience, a sharp focus on driving operational excellence, and a demonstrated record of success. He also brings an extensive background in business-to-business and technology companies,” the company’s new CEO, Pekka Lundmark said in a statement.

Nokia has recently overhauled its senior management team, with Pekka Lundmark replacing Rajeev Suri as chief executive officer, also with effect from the 1st of September 2020. Last month Sari Baldauf took up the reins as chairwoman of Nokia, succeeding Risto Siilasmaa who had held the position for the previous eight years.

The company has seen its share price slump over the past 12 months as it has lost pace in the 5G race with its rivals Ericsson and Huawei. The new leadership team will be charged with building Nokia’s share price and resurrecting its fortunes in the 5G space. 

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story