Rajeev Suri’s exit as Nokia CEO signals stress for Finnish firm, again

CEO of Nokia’ networks division in 2009, he had a huge task of turning around the company. Suri undertook a series of decisions aimed at focussing on just the mobile wireless network business.

Five years later, after embarking on a transformational journey, Suri took the business to new heights. After selling its mobile phone business to Microsoft, Nokia Corporation named him as its CEO and President in 2015. The appointment was seen as a reward for Suri’s contribution in turning around Nokia’s telecom networks business globally.

The Finnish company announced on Monday that Rajeev Suri would step down in August after six years at the helm. He will be replaced by Pekka Lundmark, who is currently president and chief executive of Fortum, a Finnish energy firm.