Nokia denies report on moves to replace CEO

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Nokia denies report on moves to replace CEO - Channel News Asia

Quick Summary:

Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters on Thursday, denying an earlier Financial Times report saying it is looking for a new chief executive.

FILE PHOTO: A view shows Nokia headquarters in Espoo, Finland, October 19, 2023.

The firm said it continuously assesses and discusses the leadership team’s long-term succession plan through a comprehensive approach that covers internal and external candidates, and that its CEO and Chair are fully aware of the process.