Nokia Restructures Leadership, Adds Former Ambassador

TL;DR

Nokia splits Corporate Affairs, brings in ex-US Ambassador Hautala to lead new Geopolitics/Gov Relations team.

AI Summary

Nokia Corporation announced changes to its Group Leadership Team on October 18, 2024. The Corporate Affairs function will be split into Geopolitics and Government Relations, and Communications. Mikko Hautala, former Finnish Ambassador to the U.S., will join Nokia as Chief Geopolitical and Government Relations Officer.

Why It Matters

This restructuring indicates a strategic focus on geopolitical and government relations, potentially impacting Nokia's international operations and regulatory engagement.

Risk Assessment

Risk Level: low — The filing reports on internal organizational changes and leadership appointments, which typically carry low immediate risk.

Key Players & Entities

• Nokia Corporation (company) — Filer and subject of the announcement
• Mikko Hautala (person) — Incoming Chief Geopolitical and Government Relations Officer
• October 18, 2024 (date) — Date of the stock exchange release

FAQ

Filing Documents

• tm2426562d1_6k.htm (6-K) — 42KB
• tm2426562d1_6kimg001.jpg (GRAPHIC) — 3KB
• 0001104659-24-110096.txt ( ) — 48KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated October 18, 2024 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant’s name into English and address of registrant’s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F : Form 40-F: Enclosures: Stock Exchange Release: Nokia announces changes to its Group Leadership Team Nokia Corporation Stock Exchange Release 18 October 2024 at 08:00 EEST Nokia announces changes to its Group Leadership Team · Nokia has decided to divide its Corporate Affairs function into two separate functions: Geopolitics and Government Relations; and Communications. · Finland’s former Ambassador to the U.S. Mikko Hautala will join Nokia as Chief Geopolitical and Government Relations Officer, and he will become a member of the Group Leadership Team. · Louise Fisk has been promoted to Chief Communications Officer and will become a member of the Group Leadership Team. · Melissa Schoeb, Chief Corporate Affairs Officer, has decided to leave the company and will step down from the Group Leadership Team. · Jenni Lukander, President of Nokia Technologies business group, has decided to leave the company and will step down from the Group Leadership Team. Espoo, Finland – Nokia today announced changes to its Group Leadership Team. Its Corporate Affairs function, which is responsible for protecting and enhancing Nokia’s reputation, will be divided into two parts: Geopolitics and Government Relations; and Communications. Former Finland ambassador to the U.S. Mikko Hautala has been appointed Chief Geopolitical and Government Relations Officer and member of the Group Leadership Team, effective November 1, 2024. Louise Fisk has been promoted to Chief Communications Officer, and member of the Group Leadership Team, effective immediately. Chief Corporate Affairs Officer, Melissa Schoeb, has decided to leave the company, effective December 31, 2024, and step down from the Group Leadership Team immediately. In addition, President of Nokia Technologies, Jenni Lukander, has decided to leave the company, effective December 31, 2024, and will step down from the Group Leadership Team immediately. Patrik Hammaren, who is currently Chief Licensing Officer, Wireless Technologies, will assume an interim role leading Nokia Technologies and will be a member of the Group Leadership Team as the search commences for Lukander’s successor. “Jenni has been a valued member of the Group Leadership Team and played a crucial role in securing the long-term stability of our Technologies business, building a solid foundation for the future. The business group will now move into the next phase of its growth journey. I’m grateful for Jenni’s contribution to Nokia over the past 17 years and for her support during the upcoming transition. I wish her all the best for the next chapter of her career,” said Pekka Lundmark, President and CEO of Nokia. As the impact geopolitics has on Nokia’s business continues to grow, the company has taken the decision to establish the new role of Chief Geopolitical and Government Relations Officer. Mikko Hautala has been appointed to this role and will be based in Espoo, Finland, reporting to Pekka Lundmark. www.nokia.com Hautala is a highly respected diplomat with over two decades of government experience in prominent roles across the world. He served as Finland’s ambassador to the United States between 2020 and 2024. Prior to that, he was the Ambassador of Finland to Russia between 2016 and 2020, and has held a range of government roles, including foreign policy advisor to Finland’s former President Sauli Niinistö. “Mikko’s vast experience, excellent networks and deep understanding of international diplomacy will be hugely valuable to Nokia as geopolitical factors and government policies increasingly shape our operating environment. I’m excited to welcome Mikko to the Nokia team and believe his unique strategic perspective will help strengthen our positioning in our key markets,” said Lundmark. “I am extremely delighted to join Nokia’s leadership team at the moment when geopolitical and strategic considerations matter more than ever. Navigating the right path under these conditions is demanding, but offers great potential for sustainable business growth,” said Hautala. As Nokia continues to strengthen its position and expand into new markets, the company has promoted Louise Fisk to Chief Communications Officer. She will continue to be based in London, U.K. and repor

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View this 6-K filing on SEC EDGAR