Nokia to name Rajeev Suri as next CEO on Tuesday

Tags: Nokia, News
Nokia, which is set to close the sale of its phone business to Microsoft,

RELATED ARTICLES

will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.

Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders.

Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September.

Nokia said earlier this week it expected the deal to close on Friday after the companies had agreed to modify certain deal conditions.

46-year-old Suri, born in India, has been widely considered the leading candidate for the CEO post as in recent years he has helped the network division Nokia Solutions and Networks (NSN) turn profitable with a drastic restructuring plan and by ditching unprofitable businesses.

The newspaper also said Nokia would over time abandon the name NSN.

Nokia was not immediately available for comment.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • RBI lowers repo rates despite red flags concerning the economy

    The Reserve Bank of India (RBI) has gambled big time in lowering repo rates by 25 points for the third time in six months.

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

Arun Nigavekar

Wanted: a central higher education scheme

During the one year that he has been at the ...

Rajgopal Nidamboor

The dappled fusion of our existence

Each of us, without exception, goes through a multitude of ...

Gautam Gupta

It’s ethnic wear all the way in Indian fashion

India is one of the most diverse countries in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture