Nokia: New CEO wants to put the company back in the race for 5G networks
03 MAR 2020 · INTERNET6 COMMENTS
Nokia has announced that it will replace current CEO Rajeev Suri with Pekka Lundmark within 6 months.
This move aims to give the Finnish company extra energy, putting it back in the race for the 5G network and also making it competitive again in the mobile sector.
When it comes to 5G, Huawei is the company that is usually involved. However, Ericsson has already managed to beat the Chinese company in terms of download speeds on this ultra-fast network.
Now, Nokia doesn’t want to miss the train and intends to come back strong in the 5G race.
Nokia’s next CEO wants to revive 5G business
The Finnish company will replace the current CEO, Rajeev Suri , who has held this role since 2014, with Pekka Lundmark .
This change will be made official in 6 months, in September 2020.
Nokia is therefore preparing an attack plan to r Belarus Mobile Number List eturn stronger and more competitive to the 5G network race. In addition, it also intends to attack the mobile equipment market again.
Pekka Lundmark, Nokia’s next CEO, left, next to current CEO Rajeev Suri, right.
Pekka Lundmark, Nokia’s next CEO, left, next to current CEO Rajeev Suri, right.
In the official statement sent to customers, the company states that:
A new era is beginning at Nokia, which ma Chile Phone Number List y include a review of the portfolio and strategy. We welcome this change and consider Mr. Lundmark to be a good choice given the situation.
The next CEO is set to team up with Nokia’s new president, Sari Baldauf, to get the company back in the game. Both men held important positions at the company between 1990 and 2000, when the Finnish company dominated the mobility sector.
Huawei dominates 5G but rumors speak of a merger between Nokia and Ericsson
As we mentioned above, the Chinese company Huawei has significantly dominated the 5G network segment.
However, rumors have recently emerged that Nokia could join forces with Sweden’s Ericsson to take on Huawei.
Previously, US Attorney General William Barr also defended the union between the two Nordic companies to combat the dominance of the Chinese brand.
We can only wait for further developments and news that emerge from these changes at No
