India-born Rajeev Suri may head Nokia

Tags: News
Nokia, which completed transfer of its handset business to software giant Microsoft today, may name India-born Rajeev Suri as its new CEO.

The company is expected to make this announcement on on April 29 when it will unveil financial result, according to newspaper Helsingin Sanomat.

Suri at present heads Nokia's telecom equipment business.

The new CEO will replace Stephen Elop, who is returning to Microsoft as executive vice president of the devices group. He joined Nokia in 2010 and stepped down as CEO when the sale to Microsoft was announced.

After Microsoft's over USD 7.2 billion acquisition of Nokia's handset business, the Finnish firm is left with the telecom equipment, location-based services and advanced technologies business.

Bothe newly-appointed Microsoft chief Satya Nadella are Mangalore University graduates.

Suri joins the elite club of Indians heading global firms,

which includes PepsiCo Chairman Indra Nooyi, Reckitt Benckiser Chief Executive Rakesh Kapoor, Ajay Banga, President and Chief Executive of MasterCard, and Anshu Jain co-CEO of Deutsche Bank.

Suri, who has headed Nokia Solutions and Networks (NSN) since October 2009, has been credited for "presiding over consistently improving results leading to the successful turnaround and restructuring of the company".

According to his official profile, Suri has a Bachelor of Engineering degree in Electronics and Telecommunications from Mangalore University. He is based in Espoo, Finland.

With more than 23 years of international experience, Suri has worked in strategy and mergers & acquisitions, product marketing, sales, major account leadership, regional and business unit leadership and has lived in the Middle East, Asia, Africa and Europe.

Suri joined Nokia in 1995 and headed the Asia Pacific region for NSN in 2007.

In July last year, Nokia agreed to buy German engineering giant Siemens' 50 per cent stake in their mobile broadband joint venture NSN for 1.7 billion euros (USD 2.2 billion) after which the firm was renamed Nokia Solutions and Networks.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture