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Nokia’s Suri to step down – what went wrong, and what can Lundmark do?

As Nokia explores its options (see previous item), the company also announced that its CEO, Rajeev Suri, would step down this summer after over a decade at the helm, and 25 years with the company. He will be succeeded by Pekka Lundmark, who like most Nokia chiefs is a one-time veteran of the firm, but is unusual experience for having been out of the company for 20 years. He is currently heading up Finnish energy firm Fortum, a role that should enable him to bring some valuable insights from another industry sector. Suri became CEO of Nokia Siemens Networks (NSN) in 2009, succeeding Simon Beresford-Wylie. This morphed into Nokia Solutions and Networks when Siemens exited. In 2014, he became CEO…

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