 "Nokia Oyj headquarters, Nokia")
In August, Nokia reported a 32 per cent drop in second-quarter operating profit. | File Photo: Bloomberg
Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters on Thursday, denying an earlier Financial Times report saying it is looking for a new chief executive.
“The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him,” Nokia said in a statement to Reuters.
The firm said it continuously assesses and discusses the leadership team’s long-term succession plan through a comprehensive approach that covers internal and external candidates, and that its CEO and Chair are fully aware of the process.
Lundmark was appointed as Nokia’s CEO in 2020.
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First Published: Sep 12 2024 | 10:41 PM IST
