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

STOCKHOLM/HELSINKI Nokia’s new chief government Pekka Lundmark mentioned he’ll take time to re-acquaint himself with the Finnish telecom gear maker earlier than setting a technique, as the corporate jostles for place within the extremely political 5G race.

U.S. authorities stress to restrict the usage of China’s Huawei presents a chance for Nokia as subsequent technology know-how is rolled out, however Lundmark wouldn’t be drawn.

“Maintaining good relations with governments in just about all elements of the world is extraordinarily necessary,” Lundmark mentioned in a video interview with Reuters on Friday. “We are speaking to governments in numerous elements of the world, however that’s just about enterprise as typical for us.”

He additionally declined to reveal his considering on Nokia’s broad vary of product portfolio and technique. The firm made product mis-steps final yr, though it managed an surprising rise in second-quarter underlying revenue because it took on much less low-margin enterprise.

“What we will probably be doing now’s to preview the present plans after which probably make new plans as to how we develop the portfolio,” mentioned Lundmark, who took on the Nokia high job final weekend.

“I’ve theories and concepts in my thoughts, however once more day 5 is much too early to speak about them.”

He mentioned he hoped to have the ability to give extra element “earlier than the top of the yr”.

Lundmark beforehand spent 10 years working in Nokia’s community enterprise within the 1990s after which 20 years working elsewhere. Most lately he was CEO of Finnish power firm Fortum.

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“This job is my dream job,” he mentioned of his new function. “It’s positively type of a homecoming for me.”

Disclaimer: This put up has been auto-published from an company feed with none modifications to the textual content and has not been reviewed by an editor


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