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

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

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



Rajeev Suri commented: "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." The CEO also elaborated on the company's three-part strategy for growth. Nokia's Networks business, which serves most of the world's largest 100 operators, will invest in new products and services. The company's HERE arm will target technology for connected cars, cloud services for personal mobility, wearables and special purpose devices, and location-based analytics. Finally, Nokia's Technologies business will focus on licensing and exploring "breakthrough innovations".



At present, Nokia will embark on an approximately $6.9 billion (5 billion EUR) capital structure optimization program, which involves paying off dividends to shareholders, repurchasing shares, reducing debt, and other financial efforts.



source: WSJ , Nokia

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37 Comments

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.

6. bon24x7

Posts: 211; Member since: Aug 30, 2012

How stupid of you..!

15. SIGPRO

Posts: 2810; Member since: Oct 03, 2012

It looks like you know nothing! Nokia still exist.....NOOB!

19. boosook

Posts: 1442; Member since: Nov 19, 2012

No, this article is about Nokia (the original one, that does not make phones anymore). You're probably a little bit confused.

33. Ashoaib

Posts: 3269; Member since: Nov 15, 2013

This guy looks like Mr. Bean... I hope he will be able to keep ppl at nokia entertained bcoz they will be sad at the moment

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: 3269; 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

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...

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: 3269; Member since: Nov 15, 2013

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

9. express77 unregistered

Hope he fix the damage caused by Trojan Eflop.

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 -_-

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.

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.

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.

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.

24. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

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

26. CX3NT3_713

Posts: 2348; Member since: Apr 18, 2011

That's great, service's

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.

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