Nokia’s chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be replaced by the current head of Finnish energy group Fortum, Nokia announced on Monday. “After 25 years at Nokia, I have wanted to do something different,” Suri said. Prior to that, from 1990-2000, he held various executive positions at Nokia, including vice president of strategy and business development at Nokia Networks. Last year Nokia downgraded its 2020 earnings forecast, while chief executive Suri played down the firm’s delays in delivering some equipment orders. At Monday’s press conference, Suri defended his record, saying that when he took over as CEO of Nokia Siemens Networks in 2009, the year’s operating profit was 28 million euros.

Source: Punch March 02, 2020 10:52 UTC