HELSINKI: Nokia Oyj will replace chief executive officer Rajeev Suri after the Finnish maker of telecommunications gear lost ground to rivals including Huawei Technologies Co in the race for 5G networks.
Pekka Lundmark, the CEO of Fortum Oyj, will take over from Suri at the start of September. Nokia is also set to elect Sari Baldauf as its new chairman in April, replacing Risto Siilasmaa.
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