Pekka Lundmark Will Take Over the Helm of Nokia on August 1

New Nokia president and CEO Pekka Lundmark will take over the position from Rajeev Suri a month earlier than planned on 1 August. The decision was changed since Lundmark's current employer, Fortum, has completed its search for a replacement.

Due to the acceleration, 25-year Nokia veteran Suri will now step down from his post on 31 July instead of 1 September, though he will remain in a board advisory role until 1 January 2021. Earlier this month, Nokia appointed Wartsila Energy president Marco Wiren as its next CFO, replacing Kristian Pullola on 1 September. Sari Baldauf took over as company chair in late May.