Rajeev Suri will continue to serve as an adviser to Nokia’s board of directors until 2021.
Markku Ulander/AFP via Getty Images
Nokia CEO and President Rajeev Suri will leave his job at the Finnish telecom-equipment maker later this year, the company said Monday. He’ll be replaced by Pekka Lundmark, currently CEO and president of energy company Fortum. The move comes as Nokia has reportedly struggled to keep up with the global shift to 5G networking technology.
Suri will step down on Aug. 31 but continue to serve as an adviser to Nokia’s board of directors until Jan. 1, 2021. Lundmark is expected to take over as CEO on Sept. 1.
Source CNET Tech
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