New Nokia CEO Rajeev Suri details Strategy moving forward

Nokia CEO Rajeev Suri
Nokia CEO Rajeev Suri
Nokia CEO Rajeev-Suri
Nokia CEO Rajeev-Suri

After the acquisition of Nokia’s mobile division by Microsoft, Nokia or what remains of Nokia has to re-strategies, as of 1st May the company Nokia will have a new CEO – Rajeev Suri. The new Indian born CEO has been with Nokia for over 18 years and has been the CEO of Nokia Siemens Networks (now rebranded Nokia Networks) since October 2009.

Since the company will no longer deal in mobile phones and Nokia Networks is the big bread earner in the new Nokia, the choice makes sense and perfect fit.

“I am honored to have been asked to take this role, and excited about the possibilities that lie in our future,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.”

said the new Nokia CEO Rajeev Suri.

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The interim president, Timo Ihamuotila, will step down from that position and will focus on his position as Executive Vice President and Group CFO.

New Strategy and Vision

The company’s vision and strategy lies on three pillars  1) connectivity capable of handling massive numbers of devices and exponential increases in data traffic; 2) location services that seamlessly bridge between the real and virtual worlds; and 3) innovation, including in sensing, radio and low power technologies.

The New CEO further explained that

“The world of technology is on the verge of a change that we believe will be as profound as the creation of the internet. With our three strong businesses – Networks, HERE and Technologies – and position as one of the world’s largest software companies, we are well placed to meet our goal to be a leader in the technologies for a world where everybody and everything is connected.”

Nokia’s remaining operations invested €2.5 billion in research and development last year. There are plans for a €5 billion “capital structure optimization program.” Hit the source link for more details on the program. You can read full press PR from source link below.