Helsinki/Xinhua/UNI: Finnish telecoms equipment maker Nokia's president and CEO Rajeev Suri will step down, while Pekka Lundmark, the outgoing president and CEO of Finnish energy firm Fortum, will replace him, Nokia said Monday.
Suri will leave his current position on Aug. 31 and serve as an adviser to the Nokia board until Jan. 1, 2021.
Noting that he has been serving Nokia for 25 years, Suri said now he wants to do something new, adding that Lundmark is an excellent choice for the company.
In a written statement, Lundmark described Nokia as a "unique company that has much potential and talented people."
Lundmark, 57, held executive positions at Nokia between 1990 and 2000 and become the CEO of Fortum in 2015, and is also the chairman of the board of the Confederation of Finnish Industries.
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