Nokia appoints Gregory Lee to head Nokia Technologies and

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
161
Nokia appoints Gregory Lee to head Nokia Technologies and as member of the Nokia Group Leadership Team

Nokia Corporation Stock exchange release June 30, 2017 at 09:30 (CET +1)

Nokia appoints Gregory Lee to head Nokia Technologies and as member of the Nokia Group Leadership Team

Espoo, Finland - Nokia today announced the appointment of Gregory Lee, a proven consumer technology and innovation leader, as President of Nokia Technologies and as member of the Group Leadership team, with immediate effect.

Lee joins Nokia after a 13-year career at Samsung Electronics, where he most recently served as President and CEO, Samsung Electronics, North America, with a focus on driving fast growth, profitability and operational excellence. In this capacity, Lee led all of Samsung's businesses for North America, managing a portfolio of products including mobile phones and consumer electronics, as well as those in new market segments such as digital health, virtual reality devices and digital content.

"We have chosen the right leader to take Nokia Technologies forward at a time of renewed excitement about the Nokia brand around the world," said Rajeev Suri, President and Chief Executive Officer of Nokia. "Gregory's passion for innovation and operational excellence, along with his proven ability to build and lead global consumer technology businesses, make him well suited to advance Nokia's efforts in virtual reality, digital health and beyond."

"I am excited by the opportunity to lead Nokia Technologies," said Lee. "The Nokia Technologies team has produced innovative products and solutions in dynamic, high growth segments of the consumer technology market, and I am honored to be in a position to help build on this success in the future."

A graduate of the University of California at San Diego, where he earned a Bachelor of Science degree in Biochemistry, Lee has held numerous product, technology and marketing leadership roles over the course of a career spanning nearly three decades. He previously served as Samsung's Global Chief Marketing Officer, as well as President and CEO of Samsung Electronics Southeast Asia and President and CEO of Samsung Telecommunications America. Prior to his time at Samsung, Lee led product development, sales and strategic initiatives for global consumer brands including Johnson & Johnson, Kellogg's and Procter & Gamble.

Lee will be based in California, reporting to Suri. Accordingly, the Group Leadership would, effective as of June 30, 2017, consist of the following members: Rajeev Suri (Chairman), Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ashish Chowdhary, Barry French, Bhaskar Gorti, Federico Guillén, Gregory Lee, Igor Leprince, Monika Maurer, Kristian Pullola, Marc Rouanne, Maria Varsellona and Marcus Weldon.

Additional background on all members of the GLT can also be found at: http://www.nokia.com/en_int/investors/corpora...rship-team

About Nokia We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.

From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. www.nokia.com

Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com

FORWARD-LOOKING STATEMENTS It should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding:  A) our ability to integrate Alcatel-Lucent into our operations and achieve the targeted business plans and benefits, including targeted synergies in relation to the acquisition of Alcatel-Lucent; B) expectations, plans or benefits related to our strategies and growth management; C) expectations, plans or benefits related to future performance of our businesses; D) expectations, plans or benefits related to changes in organizational and operational structure as well as changes in our Group Leadership Team; E) expectations regarding market developments, general economic conditions and structural changes; F) expectations and targets regarding financial performance, results, operating expenses, taxes, currency exchange rates, hedging, reportable segments, cost savings and competitiveness, as well as results of operations including targeted synergies and those related to market share, prices, net sales, income and margins; and G) statements preceded by or including "believe," "expect," "anticipate," "foresee," "sees," "target," "estimate," "designed," "aim," "plans," "intends," "focus," "continue," "project," "should," "will" or similar expressions.

These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our ability to execute our strategy, sustain or improve the operational and financial performance of our business and correctly identify and successfully pursue business opportunities or growth; 2) our ability to achieve the anticipated benefits, synergies, cost savings and efficiencies of the Alcatel-Lucent acquisition, and our ability to implement our organizational and operational structure as well as changes in our Group Leadership Team efficiently; 3) general economic and market conditions and other developments in the economies where we operate; 4) our ability to manage and improve our financial and operating performance, cost savings, competitiveness and synergies after the acquisition of Alcatel-Lucent; 5) our global business and exposure to regulatory, political or other developments in various countries or regions, including emerging markets and the associated risks in relation to tax matters and exchange controls, among others; 6) Nokia Technologies' ability to protect its IPR and to maintain and establish new sources of patent licensing income and IPR-related revenues, particularly in the smartphone market; 7) Nokia Technologies' ability to generate net sales and profitability through licensing of the Nokia brand, particularly in virtual reality, digital media and digital health, and the development and sales of products and services, as well as other business ventures which may not materialize as planned, 8) our ability to retain, motivate, develop and recruit appropriately skilled employees, as well as the risk factors specified on pages 67 to 85 of our annual report on Form 20-F filed on March 23, 2017 under "Operating and financial review and prospects-Risk factors", and in Nokia's other filings with the U.S. Securities and Exchange Commission. Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. We do not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Skyways Unleashes Skyreach: A Bold Step in Autonomous Cargo

Updated Category News Views 43

Dropping Cargo the New Way No more messing around with runways and cumbersome logistics—Skyways just took a sledgehammer to traditional cargo transport with the launch of its Skyreach platform. This bad boy is a long-range autonomous Vertical Takeoff and Landing (VTOL) aircraft that promises to shake up the defense and commercial sectors. We've got flights kicking off...

Continue Reading
Xinjiang Women Embrace New Horizons in Tianshan Peaks

Updated Category News Views 89

Scaling New Heights in Xinjiang Up there on the Tianshan Mountains, looking past those towering cliffs, what catches the eye isn't just breathtaking views but rising opportunities. In the land of Xinjiang, far from the bustling metropolises, young women are finding platforms to not just exist but to thrive. City by city, the narrative is changing as these women carve...

Continue Reading
AI Faces Accountability Trials in Business 2027

Updated Category News Views 58

Charting the AI Accountability Course In 2027, the corporate AI landscape won't be the Wild West anymore; it's morphing into a structured battlefield where the winners will be those who successfully enforce accountability. The hands-off, carte blanche days of AI are fading fast, and businesses are starting to scrutinize the AI tools they've been throwing money at. "The...

Continue Reading
Strathcona and Greenfire Set Sights on Major Merger

Updated Category News Views 188

Strathcona's Bold Move for Greenfire: A Game Changer? Just this week, Strathcona Resources Ltd. decided to make a big splash in the oil sands space by proposing to acquire Greenfire Resources Ltd. This isn’t your run-of-the-mill grab—it's a strategic tango expected to shift billions and reshape what we know about Canada’s oil sands territory. Unpicking the Deal...

Continue Reading
Korean 'Glocal' Districts Entice U.S. Tourists with Local Flavor

Updated Category News Views 132

Gwangju's Dongmyeong-dong is like the neighborhood artists and hipsters flock to in New York—except it’s got a Korean twist. Nestled in the Jeonnam region, this place is hot on American tourists' radar for its spicy mix of local culture, unique eats, and shops that scream individuality. It's becoming a magnet for folks who want to get a taste of Korean life but with a...

Continue Reading
Inside Kristallnacht: An XR Journey for a New World

Updated Category News Views 135

Bridging the Past with Powerful Tech: A Journey to Kristallnacht Let's cut to the chase: if there's a time in history that we all need to sear into our collective consciousness, it's Kristallnacht. Forget the mere notion of reading it from a textbook; now you can dive headfirst into the harrowing events of November 9, 1938, thanks to the cutting-edge initiative inside...

Continue Reading
Alscan Clinches Three PSA Awards, Sets Industry Standard

Updated Category News Views 112

Alscan's Triple Trophy Triumph with PSA Network in 2026 Talk about setting the bar high! Alscan snagged not one, not two, but three prestigious awards from the PSA Network—quite a haul for any outfit looking to make waves in the security systems game. The recognition showcases their prowess in custom security solutions, serving businesses and industries with vigilance...

Continue Reading
Segway Powersports Ventures into Baja 1000: Ambitions Run High

Updated Category News Views 149

They're gunning for glory in the sands of Baja, folks—Segway Powersports is about to rev up the excitement with its Baja 1000 debut. Never heard before in this legendary race's chronicles, Segway aims to shake up the game with their two brawny Super Villain UTVs. These aren't your run-of-the-pavement ride-ons; they're built for the rough stuff—and if there's a stage...

Continue Reading
Rosti Group Expands with Alvi Acquisition

Updated Category News Views 139

Rosti Bets on Expansion with Alvi Buyout Rosti Group just rolled the dice big by swallowing Alvi Group, marking another bold move in the ever-swinging industrial and medical device manufacturing rodeo. Suddenly, we’re talking about a company with roughly 3,000 employees on its roster and a neat EUR 450 million in combined revenue. Don't overlook the power play...

Continue Reading
Xiaomi's Smart Auto Factory Draws Global Media Praise

Updated Category News Views 185

Xiaomi Impresses Global Media in Beijing Factory Tour In the ever-changing world of NEVs (New Energy Vehicles), a tour of Xiaomi's smart auto factory in Beijing has made waves among global media folks. These scribes got an up-close look at Xiaomi's magic mix of tech and style on November 6, part of a grand media gathering. What's Under the Hood? Marcos Costa de Oliveira,...

Continue Reading

Top 5 Most Recently Viewed Articles

Innovative Approaches to Ministry in the Digital Age

Updated Category News Views 368

Understanding the Blend of Digital and Physical Ministry As the church navigates the evolving landscape amidst the rapid growth of technology, leaders are experimenting with innovative ways to engage their communities. The integration of digital tools presents ample opportunities while also posing unique challenges. This article explores how ministry leaders are adapting...

Continue Reading
Exploring the Rising Trends in Southwest Airlines Options

Updated Category News Views 148

Overview of Southwest Airlines Options Market Recently, financial analysts have observed significant bullish movements in the options market for Southwest Airlines. Our detailed examination of the options activity surrounding Southwest Airlines (NYSE: LUV) reveals eight unusual trades, shedding light on traders' sentiments and strategies. According to our analysis, 62% of...

Continue Reading
Walmart Options Activity: Insights and Market Impact

Updated Category News Views 136

Understanding the Recent Options Activity for Walmart In a surprising turn of events, significant bearish sentiment has arisen among top investors regarding Walmart (NYSE: WMT). This uptick in options trading is drawing the attention of market enthusiasts, signaling that important developments may be on the horizon. Although the specific identities of these investors are...

Continue Reading
Broadridge Unveils Enhanced Distribution Tools for Managers

Updated Category News Views 201

Empowering Asset Managers with Distribution Insights Broadridge Financial Solutions Inc. (NYSE: BR) has recently introduced an innovative tool called Distribution Insights for Asset Managers on the Salesforce AppExchange. This new application provides asset management teams with the necessary metrics and analytics to refine their sales strategies and ultimately increase...

Continue Reading
American Airlines Earns Recognition for Innovative Technology

Updated Category News Views 240

American Airlines Recognized for Technology Innovation American Airlines has achieved a significant milestone in the realm of treasury and risk management. The airline has been named a finalist in the prestigious Technology Excellence category of the 2025 Alexander Hamilton Awards, an accolade that acknowledges pioneering advancements in treasury and finance through...

Continue Reading