Nokia appoints Rajeev Suri as CEO, outlines three-part strategy

Nokia appoints Rajeev Suri as CEO, outlines three-part strategy

After Microsoft successfully purchasedits handset business, Nokia announced Rajeev Suri as the company's new Chief Executive Officer. Suri is a 46-year old electronics and telecom engineer whohas been on top of Nokia's mobile network unit since 2009. In thepast, he accomplished a successful turnaround of Nokia's Solutionsand Networks division which was left in shambles after merging withSiemens's network unit back in 2006.

Rajeev Suri commented: "Withour three strong businesses - Networks, HERE and Technologies - andposition as one of the world's largest software companies, we arewell placed to meet our goal to be a leader in the technologies for aworld where everybody and everything is connected." The CEOalso elaborated on the company's three-part strategy for growth.Nokia's Networks business, which serves most of the world'slargest 100 operators, will invest in new products and services. Thecompany's HERE arm will target technology for connected cars,cloud services for personal mobility, wearables and special purposedevices, and location-based analytics. Finally, Nokia's Technologiesbusiness will focus on licensing and exploring "breakthroughinnovations".

At present, Nokia will embark on anapproximately $6.9 billion (5 billion EUR) capital structureoptimization program, which involves paying off dividends toshareholders, repurchasing shares, reducing debt, and other financialefforts.

source: WSJ, Nokia



32. 7thspaceman

Posts: 1597; Member since: Feb 14, 2011

a commnter above said he or she hates Microsoft Why? The rough and tough days of Bill Gate's microsoft is gone. Steve Ballmer is Gone.The new MIcrosoft CEO Nadella is his Own man. Microsoft is now a true devices and services Company if you think Microsoft will be a badass like you mistakenly percieve them to be you are wrong. Microsoft will become a powerful smaller profit making company than it is now and be around for a long long time and better yet it is listening more to what it's customers wants and giving them what they want witnin reason.

36. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

And do you believe in the Tooth Fairy as well?

31. ocilfa

Posts: 334; Member since: Aug 03, 2012

I hear people mention something about Nokia and 2016. What happens in 2016?

29. papss unregistered

Anyone remember the n Gage? Lol

27. chocowii

Posts: 478; Member since: Jan 30, 2014

$6.9 BILLION DOLARS?! Tell me how to put stocks in Nokia or Microsft Mobile or whatever you call it.

26. CX3NT3_713

Posts: 2365; Member since: Apr 18, 2011

That's great, service's

24. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

i already like this guys he's speaking common sense !

20. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

When Microsoft touches And " names" something... It turns into S#!t...... Bob Vista Zune Bing Surface The list goes on and on.... They just couldnt come up with an appealing brand name

22. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

tbh microsoft made all of these and why not mention windows xp/7/8 while you're at it ?are these s*&t no i personally hate Microsoft but facts are facts !

25. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

my point being, they made flop tech products more than any tech company on earth

28. papss unregistered

Umm they have also made more products in the tech world since they have been around longer than most. Don't be a narrow minded fanboy.

16. Loubielou

Posts: 603; Member since: Jul 11, 2012

Just hope he as like a Proper Chairman,as Mr Elop was more of a Salesman for Microsoft,Why?can"t Nokia put in a New Board Team In,as The Current Board can"t seem to be able to Sort out there Problems an are Just worried about the Money they get,Everyone Hopes now we Do get Nokia using Android,or help the Old Nokia Company Jolly out

18. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

While the overall management team may still have some pro-Microsoft members, let us hope they are busy spending their Microsoft bribe money and the new CEO is able to do a good job for a while, so the remainder of Nokia can prosper.

14. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

Good luck to the new CEO. There are still a lot of bright, hard working people at Nokia and I wish them the best.

13. BattleBrat

Posts: 1476; Member since: Oct 26, 2011

An engineer! the perfect guy to beat back the bean counters!

17. FriendsOfSamsung unregistered

Says no one ever

35. refillable

Posts: 1071; Member since: Mar 10, 2014

At least generalization says that.

11. arunkumar4170

Posts: 2; Member since: Feb 27, 2012

Both CEO of microsoft and nokia are indian

23. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

so ? i mean my comment was gonna be "so ?" but no pa has a 5 character minimum -_-

9. express77 unregistered

Hope he fix the damage caused by Trojan Eflop.

7. asingha94

Posts: 295; Member since: Apr 08, 2012

another Indian!

8. Johnnokia

Posts: 1158; Member since: May 27, 2012

I feel happy now, because Indians love and support Nokia, not like the trojan horse who intended to destroy Nokia from his first day in the company

37. Ashoaib

Posts: 3309; Member since: Nov 15, 2013

Everyone is indian these days... even the scammer who use homeless ppl to get iphone was indian :)

5. Anshulonweb

Posts: 468; Member since: Feb 07, 2014

you are right.... there are many people that trust Nokia.....Nokia's mobiles have always been realiable and many people buy windows phones just because of Nokia..... if Nokia branding is removed and Microsoft start selling phones as Microsoft phones than not many people are gonna buy that.....Microsoft branded phones will be an epic fail...

2. Johnnokia

Posts: 1158; Member since: May 27, 2012

Please, think about reviving the kidnapped handset division in 2016 ,,, Billions are still loving and trusting Nokia.

30. akki20892

Posts: 3902; Member since: Feb 04, 2013

2016 Nokia and Android. I hope this will happen. If happen then new legendary era will begin. Waiting to see Nokia come back in 2016.

34. Ashoaib

Posts: 3309; Member since: Nov 15, 2013

If nokia will start using android then I can guarantee that I will again start liking nokia as I used to like few years back

1. PermanentHiatus

Posts: 267; Member since: Jun 22, 2012

It's not called Nokia anymore, it's Microsoft Mobile.

3. Johnnokia

Posts: 1158; Member since: May 27, 2012

Here is the typical idiot and troll in Phonearena

4. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Read the article(s) properly. Half knowledge is harmful.

* Some comments have been hidden, because they don't meet the discussions rules.

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