Summary by Futu AI
Nokia Oyj announced significant changes to its Group Leadership Team on October 18, 2024. The company has restructured its Corporate Affairs function into two separate entities: Geopolitics and Government Relations, and Communications. Mikko Hautala, the former Finnish Ambassador to the U.S., will join Nokia as the Chief Geopolitical and Government Relations Officer starting November 1, 2024. Concurrently, Louise Fisk has been promoted to Chief Communications Officer. Both will be members of the Group Leadership Team. Departures from the company include Melissa Schoeb, the outgoing Chief Corporate Affairs Officer, and Jenni Lukander, President of Nokia Technologies, both stepping down from the Group Leadership Team immediately but leaving the company at the end of the year. Patrik Hammaren will take on an interim role leading Nokia Technologies. CEO Pekka Lundmark expressed gratitude for the contributions of the departing team members and welcomed the new appointees, highlighting the importance of navigating geopolitical challenges for sustainable business growth.