Finnish telecommunication equipment maker, Nokia Networks said it is also replacing its Chief Financial Officer in a major management shake-up.
Nokia has just announced that it has replaced its CFO with Marco Wiren.
The company said in a statement that Wiren will replace Kristian Pullola from Sept 1. Wiren is joining from a Finnish engineering firm Wartsila where he was heading power plant technology unit after previously working as a CFO of several public companies, it said.
“Marco (Wiren) has deep financial and leadership experience, a sharp focus on driving operational excellence, and a demonstrated record of success. He also brings an extensive background in business-to-business and technology companies,” incoming Chief Executive Pekka Lundmark said in a statement.
Wiren and Lundmark will take over as CEO also in September. Last month Sari Baldauf took over as chairwoman of Nokia, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
The trio will face a tough task to fight back in the 5G race competing with its Swedish rival, Ericsson.
