Nokia CorporationStock exchange releaseJune 30, 2017 at 09:30
(CET +1)
Nokia appoints Gregory Lee to head Nokia Technologies and as
member of the Nokia Group Leadership Team
Espoo, Finland - Nokia today announced the appointment of
Gregory Lee, a proven consumer technology and innovation leader, as
President of Nokia Technologies and as member of the Group
Leadership team, with immediate effect.
Lee joins Nokia after a 13-year career at Samsung Electronics,
where he most recently served as President and CEO, Samsung
Electronics, North America, with a focus on driving fast growth,
profitability and operational excellence. In this capacity, Lee led
all of Samsung's businesses for North America, managing a portfolio
of products including mobile phones and consumer electronics, as
well as those in new market segments such as digital health,
virtual reality devices and digital content.
"We have chosen the right leader to take Nokia Technologies
forward at a time of renewed excitement about the Nokia brand
around the world," said Rajeev Suri, President and Chief Executive
Officer of Nokia. "Gregory's passion for innovation and operational
excellence, along with his proven ability to build and lead global
consumer technology businesses, make him well suited to advance
Nokia's efforts in virtual reality, digital health and beyond."
"I am excited by the opportunity to lead Nokia Technologies,"
said Lee. "The Nokia Technologies team has produced innovative
products and solutions in dynamic, high growth segments of the
consumer technology market, and I am honored to be in a position to
help build on this success in the future."
A graduate of the University of California at San Diego, where
he earned a Bachelor of Science degree in Biochemistry, Lee has
held numerous product, technology and marketing leadership roles
over the course of a career spanning nearly three decades. He
previously served as Samsung's Global Chief Marketing Officer, as
well as President and CEO of Samsung Electronics Southeast Asia and
President and CEO of Samsung Telecommunications America. Prior to
his time at Samsung, Lee led product development, sales and
strategic initiatives for global consumer brands including Johnson
& Johnson, Kellogg's and Procter & Gamble.
Lee will be based in California, reporting to Suri. Accordingly,
the Group Leadership would, effective as of June 30, 2017, consist
of the following members: Rajeev Suri (Chairman), Basil Alwan,
Hans-Juergen Bill, Kathrin Buvac, Ashish Chowdhary, Barry French,
Bhaskar Gorti, Federico Guillén, Gregory Lee, Igor Leprince, Monika
Maurer, Kristian Pullola, Marc Rouanne, Maria Varsellona and Marcus
Weldon.
Additional background on all members of the GLT can also be
found at:
http://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team
About NokiaWe create the technology to connect the world.
Powered by the research and innovation of Nokia Bell Labs, we serve
communications service providers, governments, large enterprises
and consumers, with the industry's most complete, end-to-end
portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of
Things, to emerging applications in virtual reality and digital
health, we are shaping the future of technology to transform the
human experience. www.nokia.com
Media Enquiries:Nokia CommunicationsTel. +358 (0) 10 448
4900 Email: press.services@nokia.com
FORWARD-LOOKING STATEMENTS It should be noted that Nokia
and its businesses are exposed to various risks and uncertainties
and certain statements herein that are not historical facts are
forward-looking statements, including, without limitation, those
regarding: A) our ability to integrate Alcatel-Lucent into
our operations and achieve the targeted business plans and
benefits, including targeted synergies in relation to the
acquisition of Alcatel-Lucent; B) expectations, plans or benefits
related to our strategies and growth management; C) expectations,
plans or benefits related to future performance of our businesses;
D) expectations, plans or benefits related to changes in
organizational and operational structure as well as changes in our
Group Leadership Team; E) expectations regarding market
developments, general economic conditions and structural changes;
F) expectations and targets regarding financial performance,
results, operating expenses, taxes, currency exchange rates,
hedging, reportable segments, cost savings and competitiveness, as
well as results of operations including targeted synergies and
those related to market share, prices, net sales, income and
margins; and G) statements preceded by or including "believe,"
"expect," "anticipate," "foresee," "sees," "target," "estimate,"
"designed," "aim," "plans," "intends," "focus," "continue,"
"project," "should," "will" or similar expressions.
These statements are based on management's best assumptions and
beliefs in light of the information currently available to it.
Because they involve risks and uncertainties, actual results may
differ materially from the results that we currently expect.
Factors, including risks and uncertainties that could cause these
differences include, but are not limited to: 1) our ability to
execute our strategy, sustain or improve the operational and
financial performance of our business and correctly identify and
successfully pursue business opportunities or growth; 2) our
ability to achieve the anticipated benefits, synergies, cost
savings and efficiencies of the Alcatel-Lucent acquisition, and our
ability to implement our organizational and operational structure
as well as changes in our Group Leadership Team efficiently; 3)
general economic and market conditions and other developments in
the economies where we operate; 4) our ability to manage and
improve our financial and operating performance, cost savings,
competitiveness and synergies after the acquisition of
Alcatel-Lucent; 5) our global business and exposure to regulatory,
political or other developments in various countries or regions,
including emerging markets and the associated risks in relation to
tax matters and exchange controls, among others; 6) Nokia
Technologies' ability to protect its IPR and to maintain and
establish new sources of patent licensing income and IPR-related
revenues, particularly in the smartphone market; 7) Nokia
Technologies' ability to generate net sales and profitability
through licensing of the Nokia brand, particularly in virtual
reality, digital media and digital health, and the development and
sales of products and services, as well as other business ventures
which may not materialize as planned, 8) our ability to retain,
motivate, develop and recruit appropriately skilled employees, as
well as the risk factors specified on pages 67 to 85 of our annual
report on Form 20-F filed on March 23, 2017 under "Operating and
financial review and prospects-Risk factors", and in Nokia's other
filings with the U.S. Securities and Exchange Commission. Other
unknown or unpredictable factors or underlying assumptions
subsequently proven to be incorrect could cause actual results to
differ materially from those in the forward-looking statements. We
do not undertake any obligation to publicly update or revise
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally
required.
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