Nokia headquarters

Pekka Lundmark

Finnish business executive

Pekka Lundmark (born 9 December ) is a Finnish business executive, and the president and CEO of Nokia. Previously, he was CEO of Fortum, a Finnish state-owned energy company, from to July

Early life and education

Lundmark was born on 9 December in Espoo, Finland.

He graduated from the Helsinki University of Technology with a master's degree in applied physics in [1][2]

Career

Lundmark began his career with Nokia in , where he held various executive positions.

Nokia biography wikipedia Nokia Corporation [5] [a] is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, originally established as a pulp mill in Nokia's main headquarters are in Espoo, Finland, in the Helsinki metropolitan area, [3] but the company's actual roots are in the Tampere region of Pirkanmaa. [6].

He left Nokia in , and joined Startupfactory Oy as a managing partner from to , followed by a stint as president and CEO of Hackman, a Finnish cutlery and cookware company, from to Lundmark then joined Konecranes, a Finnish company specialising in lifting equipment, as the group executive vice president in , and became the president and CEO of the company in , serving until , when he joined Fortum as the president and CEO.[1][3]

On 2 March , Nokia’s board of directors announced that Lundmark would be the new president and chief executive officer of Nokia.

Lundmark was expected to leave Fortum on 31 August , and join Nokia on 1 September He succeeded Rajeev Suri, who had served as president and CEO of Nokia since Suri will remain as an adviser on the board for the first year after stepping down.[1][4][5][6][7] Nokia praised Lundmark's record at Fortum, saying that he had "consistently delivered robust total shareholder returns, successfully renewed the company's strategy, and positioned it to be a strong player in the transforming global energy sector."[8]

In June, it was announced that Lundmark would join Nokia on 1 August , one month earlier than planned.[9] The announcement came after Fortum said its chief financial officer, Markus Rauramo, would be taking over as Fortum’s CEO from 1 July.[10]

Lundmark has served on the boards of various industry organizations in Finland, including as chairman of the board of Finland’s Technology Industry Association (Finnish: Teknologiateollisuus&#;[fi]) in [11] Most recently, he served as the and chairman of the board of the Confederation of Finnish Industries (EK; Finnish: Elinkeinoelämän Keskusliitto;Swedish: Finlands Näringsliv), the largest employers' organization in Finland.

During his tenure at EK, he prioritized partnering with the EU to find solutions to curb climate change and increasing the employment rate.[12]

Other activities

Personal life

Lundmark is married, and has three children.[1]

References

Business positions
Preceded&#;by

Rajeev Suri

Nokia Corporation CEO
–present
Succeeded&#;by

Incumbent

Preceded&#;by

Timo Karttinen

as interim CEO
CEO of Fortum
Succeeded&#;by

Markus Rauramo