FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez
HELSINKI (Reuters) – Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Baldauf, one of the most high-profile female executives in the global telecoms industry, faces a tough task to fight back in the 5G race, as rivals Ericsson and Huawei put pressure on its sales and cash reserves.
Chief Executive Rajeev Suri, who will later this year hand over to Pekka Lundmark, said the company will emerge from the coronavirus crisis stronger than before.
He told a video recording for investors the company had a strengthened supply chain with 25 factories around the globe and the pandemic had potentially created sales opportunities.
“At a time of huge appetite for connectivity, we are always looking for potential upsales,” Suri said.
Baldauf, 64,…
Source Reuters Tech News
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