Nokia Names New CEO, New Strategy
Nokia's board of directors have elected Rajeev Suri to the position of President and CEO of Nokia. Suri, who has been with Nokia since 1995 and has led its network business from 2009, will take his new role on May 1. Nokia sold its Devices and Services business to Microsoft on April 25. With the sale complete, Nokia is reorganizing itself into three main businesses moving forward: networks, HERE location, and technologies. The networks unit will continue to support network operators in their expansion of LTE, as well as prepare for the internet of things by creating low-power connectivity products. Nokia's HERE location unit will target cars, wearables, and business-side analytics. Nokia's technologies group will continue to research, develop, and patent new technologies and license them to other companies. "I am honored to have been asked to take this role, and excited about the possibilities that lie in our future," said Rajeev Suri. "Nokia, with its deep experience in connecting people and its three strong businesses, is well-positioned to tap new opportunities during this time of technological change. I look forward to working with the entire Nokia team as we embark on this exciting journey." Nokia no longer makes mobile phones.