Question Details

Will Indian-Born Rajeev Suri be the next Nokia CEO?

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Will Indian-Born Rajeev Suri be the next Nokia CEO?

Asked by: Super Usermayank in Business » People
Settled on 04/30/2014 20:02 Settled by Super Userkruijs
Winning option:Yes Nokia Corp. unwrapped a new era Tuesday, naming a company insider as chief executive officer and pledging to distribute more than $4 billion to investors from the proceeds of the sale of its tarnished handset business.

The Finnish company said Rajeev Suri will take the helm of the 143-year-old company, charging him with accelerating another transformation of a business with a history of reinvention.

http://online.wsj.com/news/articles/SB10001424052702304163604579530703814986162

Predictions

Yes
Yes
No/Not confirmed till suspension
No/Not confirmed till suspension

Background

According to a report on Friday in Helsingin Sanomat, a Finnish newspaper, Nokia (NYSE: NOK) will likely appoint Rajeev Suri, the current head of its telecoms network equipment division, as its next CEO‏, following the $7.5 billion sale of the company’s handset business to Microsoft. Afterwards, Nokia’s business lines will comprise telecom equipment, location-based services and advanced technology businesses.

Nokia itself would not comment on media speculation about Suri, according to reports. "We will talk more about the Nokia strategy, structure and organization around the closing of the pending [handset] transaction," said spokeswoman Maija Taimi in a statement.

If appointed, Suri would succeed Stephen Elop, who is expected to transfer to Microsoft in connection with the handset transaction, which is expected to close by the end of March.

http://www.ibtimes.com/nokia-nyse-nok-may-name-indian-born-ceo-who-rajeev-suri-1561810

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   Super Usermayank

New Era Dawns at Nokia as Company Appoints CEO

Nokia Corp. unwrapped a new era Tuesday, naming a company insider as chief executive officer and pledging to distribute more than $4 billion to investors from the proceeds of the sale of its tarnished handset business.

The Finnish company said Rajeev Suri will take the helm of the 143-year-old company, charging him with accelerating another transformation of a business with a history of reinvention.

http://online.wsj.com/news/articles/SB10001424052702304163604579530703814986162?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304163604579530703814986162.html

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