Nokia ( (GB:0HAF) ) has shared an update.
Nokia has announced a leadership transition with Justin Hotard named as the new President and CEO, succeeding Pekka Lundmark. Hotard, who has extensive experience in technology leadership from his roles at Intel, Hewlett Packard Enterprise, and NCR Corporation, will begin his role on April 1, 2025. This change comes as Nokia continues its transformation journey, having re-established its technology leadership in 5G and cloud-native networks under Lundmark’s leadership. The strategic appointment of Hotard is expected to drive further growth and value creation in critical areas, including AI and data centers, aligning with Nokia’s focus on future technology shifts.
More about Nokia
Nokia is a leading B2B technology innovation company that focuses on creating secure, reliable, and sustainable networks. It operates across mobile, fixed, and cloud networks, leveraging its work in intellectual property and long-term research through Nokia Bell Labs. Nokia aims to enable digital services and applications for the future with open architectures that integrate seamlessly into any ecosystem, serving service providers, enterprises, and partners worldwide.
YTD Price Performance: 9.50%
Average Trading Volume: 2,493,653
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €25.37B
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