Nokia appoints Rajeev Suri as new CEO and announces new strategy

With the sale of its devices and services business to Microsoft, Nokia has appointed Rajeev Suri as President and CEO. Although Suri does not officially start his new position until May 1st, he does have a plan for Nokia’s next chapter. Nokia will focus on three key areas of its new business.

First, Nokia will build on its Networks business, which serves more than 90 of the world’s 100 largest operators. Nokia will invest in networks to accommodate the increasing wireless data traffic. They will also focus on strengthening mobile broadband services.

Second, Nokia will continue to build on its HERE map services. Currently, HERE maps services are utilized by four out of five vehicle navigation systems and powers Amazon, Microsoft, and Yahoo’s map data services. There is also mention of Nokia investing in the wearables market.

Lastly, Nokia will expand its intellectual property licensing program. Nokia will also focus on reducing their debt over the next couple years, which will amount to €2 billion ($2.7 billion USD) by 2016. The current Nokia leadership team will be disbanded and most will have moved to Microsoft effective April 25th, 2014. Some will pursue other interests and will be removed May 1st, 2014.

Nokia’s new leadership team is as follows:

  • Rajeev Suri as President and CEO of Nokia.
  • Timo Ihamuotila as Executive Vice President and Group Chief Financial Officer.
  • Michael Halbherr as CEO of HERE.
  • Henry Tirri as Executive Vice President, and acting Head of Technologies.
  • Samih Elhage as Executive Vice President and Chief Financial and Operating Officer of Networks.

While this certainly marks the ending of era, Nokia will continue to grow as a services business. 

Source: WPCentral via NokiaImage via Nokia

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Yep, i'm tipping that too.
Very plausible that a big merger would be on the cards within that time frame.

Possible but not necessarily. Isn't their deal with Microsoft allowing them to get back into smartphone business using the Nokia brand in a year or so?

Obry said,
Possible but not necessarily. Isn't their deal with Microsoft allowing them to get back into smartphone business using the Nokia brand in a year or so?

Once Microsoft gets rid of the brand, Nokia won't be an every day name anymore. It will be next to impossible for them to get back into it. Nokia as we know it, is dead. Sorry to say.

recursive said,
Looks like the Indian MSFT CEO is appointing his cronies to strategic positions.

Wait.. so because he's from India that makes him a "crony?" Wow, racist much?

Max Norris said,

Wait.. so because he's from India that makes him a "crony?" Wow, racist much?
'Crony: a close friend or companion.'

68k said,
'Crony: a close friend or companion.'

Yea thanks for the obvious. Now look up racism since you have a dictionary handy. Implying that they must be working together in some sort of plot since they're the same nationality?

Max Norris said,

Yea thanks for the obvious. Now look up racism since you have a dictionary handy.
Sorry, I don't see how the comment is racist. I've heard of many managers choose people of their culture over more qualified (ie. 'white') people. I would hate to be in the latter category. I'm not saying everyone is like that BTW, but it does exist.

68k said,
Sorry, I don't see how the comment is racist.

He's implying that since he's from India, he must be a Microsoft stooge. No different than saying "he's black, he must be a criminal." Otherwise, why point out race to begin with? But hey, since the moderators are ok'ing it below too, I guess it's all good.

Max Norris said,
No different than saying "he's black, he must be a criminal."
What? No. Let me re-word the original comment: "Looks like the Indian MSFT CEO is appointing his FRIENDS to strategic positions." Comment could be true. Perhaps that's who he trusts the most, or get's along with the best (I don't think so - Nadella looks like a good guy). He's in charge now.

There are much more serious things in life to take offense at...

recursive said,
Looks like the Indian MSFT CEO is appointing his cronies to strategic positions.

Wow! Who knew the CEO of Microsoft has the power to control who's the CEO of Nokia :rolleyes:

recursive said,
Looks like the Indian MSFT CEO is appointing his cronies to strategic positions.

Pretty sure MS has nothing to do with this, as this is Nokia, not the bit MS took over?

But yeah, unless they are actually friends, that's bordering on racism.

BajiRav said,
I guess only I get OP's humor.
Remember Elop, remember how he was a Microsoft trojan horse?

(I hope I am right techbeck)


No he was not. MS has no control over where their executives go and how they get promoted. There's no way MS could have planted Elop at Nokia and known he was going to get promoted to CEO.

Some people prefer to be loyal to certain companies, some people are just career executives. Elop is just a career executive. He worked as an executive for Lotus, for Boston Market, for Macromedia, for MS, for Nokia etc.

The first thing I'd like to know is what Suri thinks of Windows Phone at present. If he states 'oh, it's perfect, it's Microsoft' goodbye Nokia in a few years.

68k said,
....

I don't think he's in a position to care. That division was sold.

I hope he does take a good hard look at what remains in the NSN portfolio and leverage that instead of piecing it off until the company's demise.

Guess you have missed the obvious, this is the company Nokia (or what is left of it after the sale of its devices/services division).

It's is not Microsoft - so the CEO of Microsoft cannot be appointing his cronies, because Nokia (network) is a separate company.

I really hope Nokia does not go the way of Blackberry, merger with Ericsson would be good too. I use to love the mobile phones from both of those companies back in the day, before Samsung took over the mobile world (Apart from Apple)

IIRC, Nokia is keeping all the profitable parts of the old Nokia, and sold all the money losing, high-risk parts to MS. So, I'm sure Nokia will do just fine in the long run.

Nokia Solutions Networks has some amazing carrier software that my telco cannot live without.

They are focusing where their strengths remain.

All good news, and I'm glad they appointed someone quickly instead of drawing the trolls out to speculate.

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