Nokia announces a change in the composition of the Nokia Group Leadership Team

ID: 1455282
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(Thomson Reuters ONE) -

Nokia Corporation
Stock Exchange Release
August 31, 2016 at 08:30 (CET +1)

Nokia announces a change in the composition of the Nokia Group Leadership Team

* Ramzi Haidamus, president of Nokia Technologies, to step down from the Nokia
Group Leadership Team and leave company
* Search for successor underway, Nokia Technologies'' Brad Rodrigues named
acting president

Espoo, Finland - Nokia announced today that Ramzi Haidamus, President of Nokia
Technologies and a member of the company''s Group Leadership Team, will step down
from the Nokia Group Leadership Team effective from September 1, 2016. In order
to ensure a smooth transition, he will stay with the company through the end of
September, and then leave to pursue new opportunities.

As a result of this change, effective from September 1, the Nokia Group
Leadership Team will consist of the following members: Rajeev Suri, Timo
Ihamuotila, Samih Elhage, Federico Guillén, Basil Alwan, Bhaskar Gorti, Hans-
Jürgen Bill, Kathrin Buvac, Ashish Chowdhary, Barry French, Marc Rouanne and
Maria Varsellona.

Brad Rodrigues, currently head of strategy and business development in Nokia
Technologies, will assume the role of acting president of Nokia Technologies,
and the company has started the search for a permanent successor with the
requisite technology, product and commercial skills.

"Ramzi has created a strong foundation in Nokia Technologies," said Rajeev Suri,
President and Chief Executive Officer of Nokia. "Under his leadership, we have
grown our patent licensing business, reached an agreement with HMD global Oy to
bring the Nokia brand back to mobile devices, and made excellent progress in
digital media with the launch of the OZO virtual reality camera and in digital
health with the acquisition of Withings. I wish Ramzi well, and am confident

that with its strong foundation, Nokia Technologies will continue its progress
without missing a beat."

"What was originally a collection of interesting assets is now a focused,
growing and profitable business with a strong leadership team," said Haidamus.
"Given that progress, now is the right time for me to explore new opportunities
to pursue my passion for building and transforming businesses. I am proud of
what we have accomplished at Nokia Technologies and look forward to seeing the
business continue to grow and thrive."

About Nokia
Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company
is at the forefront of creating and licensing the technologies that are
increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud and
the Internet of Things.

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Phone: +358 10 448 4900

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: NOKIA via GlobeNewswire

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Date: 08/31/2016 - 01:30
Language: English
News-ID 1455282
Character count: 3025
Firma: NOKIA
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Espoo


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