Nokia’s new CEO adopts wait and see strategy in ‘dream job’

18Views

August 7, 2020

STOCKHOLM/HELSINKI Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race.

U.S. government pressure to limit the use of China’s Huawei presents an opportunity for Nokia as next generation technology is rolled out, but Lundmark would not be drawn.

“Maintaining good relations with governments in pretty much all parts of the world is extremely important,” Lundmark said in a video interview with Reuters on Friday. “We are talking to governments in different parts of the world, but that’s pretty much business as usual for us.”

He also declined to disclose his thinking on Nokia’s broad range of product portfolio and strategy. The company made product mis-steps last year, although it managed an unexpected rise in second-quarter underlying profit as it took on less low-margin business.

“What we will be doing now is to preview the current plans and then potentially make new plans as to how we develop the portfolio,” said Lundmark, who took on the Nokia top job last weekend.

“I have theories and ideas in my mind, but again day five is far too early to talk about them.”

He said he hoped to be able to give more detail “before the end of the year”.

Lundmark previously spent 10 years working in Nokia’s network business in the 1990s and then 20 years working elsewhere. Most recently he was CEO of Finnish energy company Fortum.

Also Watch

Pilot & 10 Passenger Dead After Air India Express Flight Skids Off Runway At Kozhikode Airport

“This job is my dream job,” he said of his new role. “It’s definitely kind of a homecoming for me.”

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f2d913dcc17de12942f6b6f
[youtube_id] => lDtpp6Oohug
Nokia’s new CEO adopts wait and see strategy in ‘dream job’ => Pilot & 10 Passenger Dead After Air India Express Flight Skids Off Runway At Kozhikode Airport
)

[1] => Array
(
[id] => 5f2d8b6059a51412a277d5a0
[youtube_id] => bcyzlA4Y0CU
Nokia’s new CEO adopts wait and see strategy in ‘dream job’ => Kozhikode Collector Releases Helpline Numbers, Rescue Operations Underway | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c778c2f2492e214960&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-04T23:38:02.000Z&publish_max=2020-08-07T23:38:02.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Nokia’s new CEO adopts wait and see strategy in ‘dream job’

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.