TIDMNOKIA 
 
 
 
   Nokia Corporation 
 
   Stock Exchange Release 
 
   August 22, 2019 at 09:30 (CEST +1) 
 
   Nokia appoints Gabriela Styf Sjöman as Chief Strategy Officer and 
member of the Nokia Group Leadership Team 
 
   Espoo, Finland - Nokia today announced the appointment of Gabriela Styf 
Sjöman, a proven technology and innovation leader, as Chief 
Strategy Officer and member of the Group Leadership team, effective 
December 1, 2019. Gabriela succeeds Kathrin Buvac as Chief Strategy 
Officer, who continues in the role of President of Nokia Enterprise and 
member of the Group Leadership Team. 
 
   Gabriela joins Nokia from Telia Company in Sweden, where she has held 
positions including Deputy Head of Global Services and Operations and 
Head of Group Networks, and most recently Vice President and Head of 
Group Network Services and Operations. In that role she was responsible 
for technology strategy, architecture, design, delivery and operations 
for Fixed and Mobile Networks, as well as strategy execution for 5G 
Readiness for Telia Company Nordics and Baltics. 
 
   "We are delighted to welcome Gabriela to Nokia at a pivotal moment in 
our 5G journey. She brings a wealth of international knowledge and a 
deep understanding of our industry, its customers and technologies," 
said Rajeev Suri, President and Chief Executive Officer of Nokia. "Her 
insight will be critical in refining our strategy for the future. I also 
want to thank Kathrin, who has continued to lead our strategy 
organization in addition to her role as President of Nokia Enterprise 
since January this year." 
 
   "I am excited to join Nokia at such a pivotal time," said Gabriela. 
"With its broad portfolio and innovative technology, Nokia is well 
positioned to help its customers realize the full potential of 5G, and I 
look forward to being part of further strengthening Nokia in this 5G 
journey". 
 
   Before joining Telia Company in 2017, Gabriela spent two years with 
Telecom Italia in Rome as Vice President, Engineering and Telecom Italia 
Group Labs, following more than ten years at Ericsson in a variety of 
senior roles in China, Germany and the US. 
 
   A true global citizen, Gabriela is multicultural with a Mexican mother 
and a Swedish father. Having grown up in Mexico, the US, the former 
Czechoslovakia and Sweden, she studied Basic Law, Political Science and 
International Relations at the University of Uppsala, Sweden and holds 
an MBA from Durham University, UK. 
 
   Gabriela will be based in Espoo, Finland and will report to President 
and Chief Executive Officer, Rajeev Suri. 
 
   With this appointment, Nokia's Group Leadership Team will consist of the 
following members: 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, Gabriela Styf 
Sjöman, Tommi Uitto and Marcus Weldon. 
 
   Additional background on all current members of the GLT can be found at 
https://www.globenewswire.com/Tracker?data=3XQetC-XoAZYhXpUDOOOUh-c0VkHvFWtqIx2_26-xlMYd_qjOg1_E-TKkqw9NYqPZtI9LLKlQcYb1dFkk3THeBLzdULAe5tsWa3fYkWLPNkOz9EnDo23Uyg1zNMdUoSnkGUpq_JApuYjzKzrnSw6aOyx76bDL1aq_PaHQ1SgP6QUqCJfMtOSwKjQvUxdKW8MOYdX7BcdnwokkHM2Q9CsVY9yXhpoIwFcUb4VtK3ZV2qOlRWO2v46Ap8QsIsEbdMH 
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. 
https://www.globenewswire.com/Tracker?data=ohODhwM7RcMlOMgwszBn3AnefVvsWx9Ukz6XaidYQ5WIQ2O_kH2rX8VlreB6bPW5Wnfq8jmlVW8m79XFWN4LAA== 
www.nokia.com 
 
   Media Inquiries 
 
   Nokia 
 
   Communications 
 
   Tel. +358 (0) 10 448 4900 
 
   Email: press.services@nokia.com 
 
   Katja Antila, Head of Media Relations 
 
   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, the timing of 
receivables, 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 change globally and in national and regional markets, 
such as China; 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 of software and other 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; 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. 
 
 
 
 

(END) Dow Jones Newswires

August 22, 2019 02:30 ET (06:30 GMT)

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