New boss at Nokia as Microsoft takeover finalised

29/04/2014

Nokia has named Rajeev Suri as its new chief executive officer, as the mobile maker completes its sale to Microsoft.

The 46-year old replaces Stephen Elop and has until now led Nokia Solutions and Networks (NSN), the network equipment unit of the firm.

The unit is set to become its key business after Nokia finalised the sale of its mobile phone division to Microsoft last week.

Stephen Elop has become executive vice president of the Microsoft devices group.

Risto Siilasmaa, chairman of Nokia, said Mr Suri "has a proven ability to create strategic clarity, drive innovation and growth, ensure disciplined execution, and deliver results".

Suri has been working at Nokia for the past 20 years and has lead the firm's network equipment unit since October 2009, helping to make it profitable.

The Finnish company said it would now focus on networks, mapping services, technology development and licences.

"Nokia's vision is to be a leader over the long term in these three areas," the firm said in statement.
Nokia sold its mobile phone business to Microsoft for 5.44bn euros ($7.5bn; £4.5bn).

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