Nokia appoints Gregory Lee to head Nokia Technologies and as member of the Nokia Group Leadership Team
Nokia Corporation
Stock exchange release
June 30, 2017 at 09:30 (CET +1)
Nokia appoints Gregory Lee to head Nokia
Technologies and as member of the Nokia Group
Leadership Team
Espoo, Finland - Nokia today announced the
appointment of Gregory Lee, a proven consumer
technology and innovation leader, as President of
Nokia Technologies and as member of the Group
Leadership team, with immediate effect.
Lee joins Nokia after a 13-year career at Samsung
Electronics, where he most recently served as
President and CEO, Samsung Electronics, North
America, with a focus on driving fast growth,
profitability and operational excellence. In this
capacity, Lee led all of Samsung's businesses for
North America, managing a portfolio of products
including mobile phones and consumer electronics,
as well as those in new market segments such as
digital health, virtual reality devices and digital
content.
"We have chosen the right leader to take Nokia
Technologies forward at a time of renewed
excitement about the Nokia brand around the world,"
said Rajeev Suri, President and Chief Executive
Officer of Nokia. "Gregory's passion for innovation
and operational excellence, along with his proven
ability to build and lead global consumer technology
businesses, make him well suited to advance
Nokia's efforts in virtual reality, digital health and
beyond."
"I am excited by the opportunity to lead Nokia
Technologies," said Lee. "The Nokia Technologies
team has produced innovative products and
solutions in dynamic, high growth segments of the
consumer technology market, and I am honored to
be in a position to help build on this success in the
future."
A graduate of the University of California at San
Diego, where he earned a Bachelor of Science degree
in Biochemistry, Lee has held numerous product,
technology and marketing leadership roles over the
course of a career spanning nearly three decades. He
previously served as Samsung's Global Chief
Marketing Officer, as well as President and CEO of
Samsung Electronics Southeast Asia and President
and CEO of Samsung Telecommunications America.
Prior to his time at Samsung, Lee led product
development, sales and strategic initiatives for
global consumer brands including Johnson &
Johnson, Kellogg's and Procter & Gamble.
Lee will be based in California, reporting to Suri.
Accordingly, the Group Leadership would, effective
as of June 30, 2017, consist of the following
members: Rajeev Suri (Chairman), Basil Alwan,
Hans-Juergen Bill, Kathrin Buvac, Ashish
Chowdhary, Barry French, Bhaskar Gorti, Federico
Guillén, Gregory Lee, Igor Leprince, Monika Maurer,
Kristian Pullola, Marc Rouanne, Maria Varsellona
and Marcus Weldon.
Additional background on all members of the GLT
can also be found at: http://www.nokia.com/en_int/
investors/corporate-governance/group-leadership-
team
About Nokia
We create the technology to connect the world.
Powered by the research and innovation of Nokia
Bell Labs, we serve communications service
providers, governments, large enterprises and
consumers, with the industry's most complete, end-
to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the
Internet of Things, to emerging applications in
virtual reality and digital health, we are shaping the
future of technology to transform the human
experience. www.nokia.com
Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its businesses are
exposed to various risks and uncertainties and
certain statements herein that are not historical facts
are forward-looking statements, including, without
limitation, those regarding: A) our ability to
integrate Alcatel-Lucent into our operations and
achieve the targeted business plans and benefits,
including targeted synergies in relation to the
acquisition of Alcatel-Lucent; B) expectations, plans
or benefits related to our strategies and growth
management; C) expectations, plans or benefits
related to future performance of our businesses; D)
expectations, plans or benefits related to changes in
organizational and operational structure as well as
changes in our Group Leadership Team; E)
expectations regarding market developments,
general economic conditions and structural changes;
F) expectations and targets regarding financial
performance, results, operating expenses, taxes,
currency exchange rates, hedging, reportable
segments, cost savings and competitiveness, as
well as results of operations including targeted
synergies and those related to market share, prices,
net sales, income and margins; and G) statements
preceded by or including "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate,"
"designed," "aim," "plans," "intends," "focus,"
"continue," "project," "should," "will" or similar
expressions.
These statements are based on management's best
assumptions and beliefs in light of the information
currently available to it. Because they involve risks
and uncertainties, actual results may differ materially
from the results that we currently expect. Factors,
including risks and uncertainties that could cause
these differences include, but are not limited to: 1)
our ability to execute our strategy, sustain or
improve the operational and financial performance of
our business and correctly identify and successfully
pursue business opportunities or growth; 2) our
ability to achieve the anticipated benefits, synergies,
cost savings and efficiencies of the Alcatel-Lucent
acquisition, and our ability to implement our
organizational and operational structure as well as
changes in our Group Leadership Team efficiently; 3)
general economic and market conditions and other
developments in the economies where we operate;
4) our ability to manage and improve our financial
and operating performance, cost savings,
competitiveness and synergies after the acquisition
of Alcatel-Lucent; 5) our global business and
exposure to regulatory, political or other
developments in various countries or regions,
including emerging markets and the associated risks
in relation to tax matters and exchange controls,
among others; 6) Nokia Technologies' ability to
protect its IPR and to maintain and establish new
sources of patent licensing income and IPR-related
revenues, particularly in the smartphone market; 7)
Nokia Technologies' ability to generate net sales
and profitability through licensing of the Nokia
brand, particularly in virtual reality, digital media
and digital health, and the development and sales of
products and services, as well as other business
ventures which may not materialize as planned, 8)
our ability to retain, motivate, develop and recruit
appropriately skilled employees, as well as the risk
factors specified on pages 67 to 85 of our annual
report on Form 20-F filed on March 23, 2017 under
"Operating and financial review and prospects-Risk
factors", and in Nokia's other filings with the U.S.
Securities and Exchange Commission. Other
unknown or unpredictable factors or underlying
assumptions subsequently proven to be incorrect
could cause actual results to differ materially from
those in the forward-looking statements. We do not
undertake any obligation to publicly update or revise
forward-looking statements, whether as a result of
new information, future events or otherwise, except
to the extent legally required.
Stock exchange release
June 30, 2017 at 09:30 (CET +1)
Nokia appoints Gregory Lee to head Nokia
Technologies and as member of the Nokia Group
Leadership Team
Espoo, Finland - Nokia today announced the
appointment of Gregory Lee, a proven consumer
technology and innovation leader, as President of
Nokia Technologies and as member of the Group
Leadership team, with immediate effect.
Lee joins Nokia after a 13-year career at Samsung
Electronics, where he most recently served as
President and CEO, Samsung Electronics, North
America, with a focus on driving fast growth,
profitability and operational excellence. In this
capacity, Lee led all of Samsung's businesses for
North America, managing a portfolio of products
including mobile phones and consumer electronics,
as well as those in new market segments such as
digital health, virtual reality devices and digital
content.
"We have chosen the right leader to take Nokia
Technologies forward at a time of renewed
excitement about the Nokia brand around the world,"
said Rajeev Suri, President and Chief Executive
Officer of Nokia. "Gregory's passion for innovation
and operational excellence, along with his proven
ability to build and lead global consumer technology
businesses, make him well suited to advance
Nokia's efforts in virtual reality, digital health and
beyond."
"I am excited by the opportunity to lead Nokia
Technologies," said Lee. "The Nokia Technologies
team has produced innovative products and
solutions in dynamic, high growth segments of the
consumer technology market, and I am honored to
be in a position to help build on this success in the
future."
A graduate of the University of California at San
Diego, where he earned a Bachelor of Science degree
in Biochemistry, Lee has held numerous product,
technology and marketing leadership roles over the
course of a career spanning nearly three decades. He
previously served as Samsung's Global Chief
Marketing Officer, as well as President and CEO of
Samsung Electronics Southeast Asia and President
and CEO of Samsung Telecommunications America.
Prior to his time at Samsung, Lee led product
development, sales and strategic initiatives for
global consumer brands including Johnson &
Johnson, Kellogg's and Procter & Gamble.
Lee will be based in California, reporting to Suri.
Accordingly, the Group Leadership would, effective
as of June 30, 2017, consist of the following
members: Rajeev Suri (Chairman), Basil Alwan,
Hans-Juergen Bill, Kathrin Buvac, Ashish
Chowdhary, Barry French, Bhaskar Gorti, Federico
Guillén, Gregory Lee, Igor Leprince, Monika Maurer,
Kristian Pullola, Marc Rouanne, Maria Varsellona
and Marcus Weldon.
Additional background on all members of the GLT
can also be found at: http://www.nokia.com/en_int/
investors/corporate-governance/group-leadership-
team
About Nokia
We create the technology to connect the world.
Powered by the research and innovation of Nokia
Bell Labs, we serve communications service
providers, governments, large enterprises and
consumers, with the industry's most complete, end-
to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the
Internet of Things, to emerging applications in
virtual reality and digital health, we are shaping the
future of technology to transform the human
experience. www.nokia.com
Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its businesses are
exposed to various risks and uncertainties and
certain statements herein that are not historical facts
are forward-looking statements, including, without
limitation, those regarding: A) our ability to
integrate Alcatel-Lucent into our operations and
achieve the targeted business plans and benefits,
including targeted synergies in relation to the
acquisition of Alcatel-Lucent; B) expectations, plans
or benefits related to our strategies and growth
management; C) expectations, plans or benefits
related to future performance of our businesses; D)
expectations, plans or benefits related to changes in
organizational and operational structure as well as
changes in our Group Leadership Team; E)
expectations regarding market developments,
general economic conditions and structural changes;
F) expectations and targets regarding financial
performance, results, operating expenses, taxes,
currency exchange rates, hedging, reportable
segments, cost savings and competitiveness, as
well as results of operations including targeted
synergies and those related to market share, prices,
net sales, income and margins; and G) statements
preceded by or including "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate,"
"designed," "aim," "plans," "intends," "focus,"
"continue," "project," "should," "will" or similar
expressions.
These statements are based on management's best
assumptions and beliefs in light of the information
currently available to it. Because they involve risks
and uncertainties, actual results may differ materially
from the results that we currently expect. Factors,
including risks and uncertainties that could cause
these differences include, but are not limited to: 1)
our ability to execute our strategy, sustain or
improve the operational and financial performance of
our business and correctly identify and successfully
pursue business opportunities or growth; 2) our
ability to achieve the anticipated benefits, synergies,
cost savings and efficiencies of the Alcatel-Lucent
acquisition, and our ability to implement our
organizational and operational structure as well as
changes in our Group Leadership Team efficiently; 3)
general economic and market conditions and other
developments in the economies where we operate;
4) our ability to manage and improve our financial
and operating performance, cost savings,
competitiveness and synergies after the acquisition
of Alcatel-Lucent; 5) our global business and
exposure to regulatory, political or other
developments in various countries or regions,
including emerging markets and the associated risks
in relation to tax matters and exchange controls,
among others; 6) Nokia Technologies' ability to
protect its IPR and to maintain and establish new
sources of patent licensing income and IPR-related
revenues, particularly in the smartphone market; 7)
Nokia Technologies' ability to generate net sales
and profitability through licensing of the Nokia
brand, particularly in virtual reality, digital media
and digital health, and the development and sales of
products and services, as well as other business
ventures which may not materialize as planned, 8)
our ability to retain, motivate, develop and recruit
appropriately skilled employees, as well as the risk
factors specified on pages 67 to 85 of our annual
report on Form 20-F filed on March 23, 2017 under
"Operating and financial review and prospects-Risk
factors", and in Nokia's other filings with the U.S.
Securities and Exchange Commission. Other
unknown or unpredictable factors or underlying
assumptions subsequently proven to be incorrect
could cause actual results to differ materially from
those in the forward-looking statements. We do not
undertake any obligation to publicly update or revise
forward-looking statements, whether as a result of
new information, future events or otherwise, except
to the extent legally required.
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