TIDMNOKIA 
 
 
 
 
   Nokia Corporation 
 
   Stock Exchange Release 
 
   June 19, 2019 at 08:00 (CET +1) 
 
   Nassib Abou-Khalil named Chief Legal Officer, Jenni Lukander named 
President of Nokia Technologies and as members of Nokia Group Leadership 
Team 
 
   Espoo, Finland - Nokia today announced that Nassib Abou-Khalil will 
become Chief Legal Officer for Nokia and Jenni Lukander will become 
President of Nokia Technologies.  Both will report to Nokia President 
and Chief Executive Officer, Rajeev Suri, and become members of the 
Group Leadership Team.  These appointments are effective on August 1, 
2019. 
 
   Abou-Khalil and Lukander will succeed Maria Varsellona who will be 
leaving Nokia at the end of October to join ABB. 
 
   "Jenni and Nassib are ideally positioned for their new roles", said 
Suri.  "Both are strong leaders with deep expertise and track records of 
performance.  I want to thank Maria for her many contributions to Nokia. 
She leaves us with my respect and gratitude for her leadership over the 
last six years." 
 
   Jenni Lukander, currently Head of Patent Business, will take the role of 
President of Nokia Technologies and join the Group Leadership Team 
(GLT). Lukander joined Nokia in 2007, since when she has led patent 
licensing, litigation, competition law and other regulatory matters. 
Lukander is an internationally renowned IP and competition law 
professional who started her career as an attorney at a leading law firm 
in Helsinki. She has a Master's in Law from the University of Helsinki. 
 
   Nassib Abou-Khalil, currently Deputy Chief Legal Officer, Business, will 
become Chief Legal Officer and also join the GLT. Abou-Khalil joined 
Nokia in 2014 as head of Legal & Compliance for Middle East & Africa and 
prior to this had Regional Counsel roles for Yahoo and GE. He led the 
integration of the compliance programs of Alcatel-Lucent and Nokia to 
ensure a strong unified approach for Nokia for the future and more 
recently has led our customer facing legal operations and is a strong 
advocate for the digitization of the function. He has a Master's Degree 
in International Trade Law as well as a Civil Law Degree, a Bachelor's 
Degree in Common Law and a BA in Political Sciences all from the 
University of Ottawa. He is admitted to the Ontario Bar and to the Roll 
of Solicitors in England and Wales. 
 
 
 
   As a result of these changes, Nokia's Group Leadership Team will consist 
of the following members effective August 1, 2019: Rajeev Suri, Nassib 
Abou-Khalil, Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ricky Corker, 
Joerg Erlemeier, Barry French, Sanjay Goel, Bhaskar Gorti, Federico 
Guillén, Jenni Lukander, Sandra Motley, Kristian Pullola, Sri Reddy, 
Tommi Uitto and Marcus Weldon. 
 
   Additional background on all current members of the GLT can be found at 
http://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team 
 
 
   About Nokia 
 
   We create the technology to connect the world. We develop and deliver 
the industry's only end-to-end portfolio of network equipment, software, 
services and licensing that is available globally. Our customers include 
communications service providers whose combined networks support 6.1 
billion subscriptions, as well as enterprises in the private and public 
sector that use our network portfolio to increase productivity and 
enrich lives. 
 
   Through our research teams, including the world-renowned Nokia Bell Labs, 
we are leading the world to adopt end-to-end 5G networks that are faster, 
more secure and capable of revolutionizing lives, economies and 
societies. Nokia adheres to the highest ethical business standards as we 
create technology with social purpose, quality and integrity. 
www.nokia.com 
 
   Media Inquiries 
 
   Nokia 
 
   Communications 
 
   Tel. +358 (0) 10 448 4900 
 
   Email: press.services@nokia.com 
 
   Jon Peet, Vice President, Corporate Communications 
 
   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. These forward-looking 
statements reflect Nokia's current expectations and views of future 
developments and include statements regarding: A) expectations, plans or 
benefits related to our strategies and growth management; B) 
expectations, plans or benefits related to future performance of our 
businesses and any expected future dividends; C) expectations and 
targets regarding financial performance, results, operating expenses, 
taxes, currency exchange rates, hedging, 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; D) expectations, plans or benefits related to changes in 
organizational and operational structure; E) expectations regarding 
market developments, general economic conditions and structural changes; 
F) our ability to integrate acquired businesses into our operations and 
achieve the targeted business plans and benefits, including targeted 
benefits, synergies, cost savings and efficiencies; G) expectations, 
plans or benefits related to any future collaboration or to business 
collaboration agreements or patent license agreements or arbitration 
awards, including income to be received under any collaboration or 
partnership, agreement or award; H) timing of the deliveries of our 
products and services, including our short term and longer term 
expectations around the rollout of 5G and our ability to capitalize on 
such rollout; and the overall readiness of the 5G ecosystem ; I) 
expectations and targets regarding collaboration and partnering 
arrangements, joint ventures or the creation of joint ventures, and the 
related administrative, legal, regulatory and other conditions, as well 
as our expected customer reach; J) outcome of pending and threatened 
litigation, arbitration, disputes, regulatory proceedings or 
investigations by authorities; K) expectations regarding restructurings, 
investments, capital structure optimization efforts, uses of proceeds 
from transactions, acquisitions and divestments and our ability to 
achieve the financial and operational targets set in connection with any 
such restructurings, investments, capital structure optimization efforts, 
divestments and acquisitions, including our current cost savings 
program; L) expectations, plans or benefits related to future capital 
expenditures, temporary incremental expenditures or other R&D 
expenditures to develop or rollout new products, including 5G; and M) 
statements preceded by or including "believe", "expect", "expectations", 
"commit", "anticipate", "foresee", "see", "target", "estimate", 
"designed", "aim", "plan", "intend", "influence", "assumption", "focus", 
"continue", "project", "should", "is to", "will" or similar expressions. 
These forward-looking statements are subject to a number of risks and 
uncertainties, many of which are beyond our control, which could cause 
actual results to differ materially from such statements. These 
statements are based on management's best assumptions and beliefs in 
light of the information currently available to it. These 
forward-looking statements are only predictions based upon our current 
expectations and views of future events and developments and are subject 
to risks and uncertainties that are difficult to predict because they 
relate to events and depend on circumstances that will occur in the 
future. Factors, including risks and uncertainties that could cause 
these differences include, but are not limited to: 1) our strategy is 
subject to various risks and uncertainties and we may be unable to 
successfully implement our strategic plans, sustain or improve the 
operational and financial performance of our business groups, correctly 
identify or successfully pursue business opportunities or otherwise grow 
our business; 2) general economic and market conditions and other 
developments in the economies where we operate, including the timeline 
for the deployment of 5G and our ability to successfully capitalize on 
that deployment; 3) competition and our ability to effectively and 
profitably invest in existing and new  high-quality products, services, 
upgrades and technologies and bring them to market in a timely manner; 
4) our dependence on the development of the industries in which we 
operate, including the cyclicality and variability of the information 
technology and telecommunications industries and our own R&D 
capabilities and investments; 5) our dependence on a limited number of 
customers and large multi-year agreements, as well as external events 
impacting our customers including mergers and acquisitions; 6) our 
ability to maintain our existing sources of intellectual 
property-related revenue through our intellectual property, including 
through licensing, establish new sources of revenue and protect our 
intellectual property from infringement; 7) our ability to manage and 
improve our financial and operating performance, cost savings, 
competitiveness and synergies generally, expectations and timing around 
our ability to recognize any net sales and our ability to implement 
changes to our organizational and operational structure efficiently; 8) 
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; 9) our ability to achieve the anticipated 
benefits, synergies, cost savings and efficiencies of acquisitions, 
including the acquisition of Alcatel-Lucent; 10) exchange rate 
fluctuations, as well as hedging activities; 11) our ability to 
successfully realize the expectations, plans or benefits related to any 
future collaboration or business collaboration agreements and patent 
license agreements or arbitration awards, including income to be 
received under any collaboration, partnership, agreement or arbitration 
award; 12) Nokia Technologies' ability to protect its IPR and to 
maintain and establish new sources of patent, brand and technology 
licensing income and IPR-related revenues, particularly in the 
smartphone market, which may not materialize as planned, 13) our 
dependence on IPR technologies, including those that we have developed 
and those that are licensed to us, and the risk of associated 
IPR-related legal claims, licensing costs and restrictions on use; 14) 
our exposure to direct and indirect regulation, including economic or 
trade policies, and the reliability of our governance, internal controls 
and compliance processes to prevent regulatory penalties in our business 
or in our joint ventures; 15) our reliance on third-party solutions for 
data storage and service distribution, which expose us to risks relating 
to security, regulation and cybersecurity breaches; 16) inefficiencies, 
breaches, malfunctions or disruptions of information technology systems, 
or our customers' security concerns; 17) our exposure to various legal 
frameworks regulating corruption, fraud, trade policies, and other risk 
areas, and the possibility of proceedings or investigations that result 
in fines, penalties or sanctions; 18) adverse developments with respect 
to customer financing or extended payment terms we provide to customers; 
19) the potential complex tax issues, tax disputes and tax obligations 
we may face in various jurisdictions, including the risk of obligations 
to pay additional taxes; 20) our actual or anticipated performance, 
among other factors, which could reduce our ability to utilize deferred 
tax assets; 21) our ability to retain, motivate, develop and recruit 
appropriately skilled employees; 22) disruptions to our manufacturing, 
service creation, delivery, logistics and supply chain processes, and 
the risks related to our geographically-concentrated production sites; 
23) the impact of litigation, arbitration, agreement-related disputes or 
product liability allegations associated with our business; 24) our 
ability to re-establish investment grade rating or maintain our credit 
ratings; 25) our ability to achieve targeted benefits from, or 
successfully implement planned transactions, as well as the liabilities 
related thereto; 26) our involvement in joint ventures and 
jointly-managed companies; 27) the carrying amount of our goodwill may 
not be recoverable; 28) uncertainty related to the amount of dividends 
and equity return we are able to distribute to shareholders for each 
financial period; 29) pension costs, employee fund-related costs, and 
healthcare costs; 30) our ability to successfully complete and 
capitalize on our order backlogs and continue converting our sales 
pipeline into net sales; and 31) risks related to undersea 
infrastructure, as well as the risk factors specified on pages 60 to 75 
of our 2018 annual report on Form 20-F published on March 21, 2019 under 
"Operating and financial review and prospects-Risk factors" and in our 
other filings or documents furnished 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. 
 
   This announcement is distributed by West Corporation on behalf of West 
Corporation clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NOKIA via Globenewswire 
 
 
  http://www.nokia.com/en_int 
 

(END) Dow Jones Newswires

June 19, 2019 01:01 ET (05:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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