Rajeev Suri to take over as Nokia CEO and president

NEW DELHI: Rajeev Suri, who is taking over as the new president and CEO of Nokia, says the company will focus on three strong businesses – Networks, HERE (location cloud) and Technologies to position itself as one of the world’s largest software companies.


The new appointment follows the completion of the divestment of phone business to Microsoft in a $7.2 billion deal.


Apart from Suri, the new team will include Timo Ihamuotila who joins as executive vice president and group CFO; Michael Halbherr as CEO of HERE; Henry Tirri as executive VP, and acting head of technologies and Samih Elhage as executive VP and chief financial and operating officer of Networks.


The old team included Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber who have already stepped down. Louise Pentland, Juha Akras and Kai Oistamo will step down from Nokia next month.


Suri had recently turned round Nokia Solutions and Networks (NSN), the telecom network business, by axing around 17,000 resources, divesting non-viable businesses and bringing clarity to its mobile broadband focus. The NSN brand will disappear as part of the new restructuring and will be known as Nokia Network business. Suri will continue to head this business.


Nokia without the ailing phone business will focus on networks, location and technologies. Suri will draft fresh strategies for leadership position as NSN is behind Ericsson and Huawei in telecom network business.


Suri joined Nokia in 1995 and has held a range of leadership positions in the company. Since October 2009, he has served as CEO of NSN, the former joint venture between Nokia and Siemens that is now fully owned by Nokia.


Suri was instrumental in creating strategic clarity, driving innovation and growth, ensuring disciplined execution.


India-born Suri is the second to be elevated to a major post in an IT company in recent weeks, as vendor Microsoft had recently picked up Satya Nadella as its CEO.


Nokia believes that billions of connected devices will converge into intelligent and programmable systems over the next decade that will have the potential to improve lives in a vast number of areas: time and availability, transportation and resource consumption, learning and work, health, and wellness.


This new world of technology will require connectivity capable of handling massive numbers of devices and exponential increases in data traffic; location services that seamlessly bridge between the real and virtual worlds; and innovation, including in sensing, radio and low power technologies.


“Where it makes sense to do so, we will pursue shared opportunities between the businesses, but not at the expense of focus and discipline in each,” Suri added.


In 2013, Nokia invested 2.5 billion euros in research and development.


Through its networks business (formerly NSN), Nokia will invest in the innovative products and services needed by telecom operators to manage the increase in wireless data traffic which is more than doubling every year.


Nokia will invest in mobile broadband and related services and next-generation network technologies.


Nokia will invest to develop its location cloud to make it the leading source of location intelligence and experiences across many different operating systems, platforms and screen. The focus will be on technology for smart, connected cars; cloud-based services for personal mobility and location intelligence, including for the growing segment of wearables and special purpose devices; and location-based analytics for better business decisions.


Nokia plans to reduce interest bearing debt by around 2 billion euros by the end of the second quarter 2016.

Latest Reads
Zee Mundo hires Steinbranding

MUMBAI: Steinbranding, the international design agency with headquarters in Buenos Aires, responsible for the image of more than 50 channels worldwide, was chosen by the major Indian media group, Zee Entertainment Enterprises to create the brand, naming and on-air & off-air branding for Zee...

MAM Marketing Brands
Exquisite partners with Warner Bros. consumer products

Exquisite, an innovative and experienced player in the EMEA market, has teamed up with Warner Bros. Consumer Products EMEA (WBCP EMEA), on behalf of DC Entertainment, to create the first retail loyalty programmes featuring DC Super Heroes.

MAM Marketing Brands
Cadbury Bournvita Biscuits introduces new tiffin pack

Mondelez India Foods is set to launch a new tiffin pack of its highly successful Cadbury Bournvita Biscuits with an aim to encourage consumers to make it a habit in the morning to have the biscuit.

MAM Marketing Brands
FCB Ulka wins advertising duties for AVT Premium

MUMBAI: A.V. Thomas & Company has appointed FCB Ulka Bangalore to handle the advertising duties for their flagship brand, AVT Premium. The win adds to FCB Ulka Bangalore’s portfolio which includes marquee clients like ITC Biscuits & Confectionery and Wipro Consumer Care & Lighting. AVT...

MAM Media and Advertising Account
Wringley's Doublemint tells a 'fresh' new love story

MUMBAI: Released on Youtube on 21 October, the new TVC of Wringley's Doublemint conceptualised by BBDO Indua and directed by Shoojit Sircar has already garnered over two lac views.

MAM Media and Advertising Ad Campaigns
Flipkart announces integrated brand communication campaign

There are a host of dates earmarked in India’s annual calendar where consumers wait with bated breath to partake of the celebrations. Clearly figuring in this list is the ‘The Big Billion Days’ (BBD), that has been made popular by Flipkart over the past two years. As a concept, Big Billion Day was...

MAM Media and Advertising Ad Campaigns
Colors campaign inspires men to take over Sunday chores

Colors has launched a new movement called #SundayIsHerHoliday. The campaign -- one Sunday at a time -- is inviting every man (and woman) to participate. The goal of the campaign is to inspire and help men take over the Sunday chores of women, so she can get her much needed time off.

MAM Media and Advertising Ad Campaigns
betterU launches Diwali campaign #FestivalOfLearning

India’s online learning marketplace, betterU, has launched a unique Diwali campaign #FestivalOfLearning across its digital platforms.The campaign aims at helping people think differently about their purchases, and highlights the importance of investing for the long term on the auspicious occasion...

MAM Media and Advertising Ad Campaigns
BBH India creates live radio spots for Abbott

BBH Mumbai has released a case study on the first ever live radio spots for Abbott's The Race of Possible’ campaign, which received overwhelming response in India.

MAM Media and Advertising Ad Campaigns

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories