Rajeev Suri named as new Nokia CEO

Nokia has announced that Rajeev Suri will become its new President and CEO on May 1. The 46-year-old executive, a 20-year Nokia veteran, moves up to the top job from his previous role leading Nokia Solutions & Networks, formerly Nokia Siemens. In a video message Suri says "the opportunities in front of us are as great as I have ever seen."

"The coming changes in technology will be as profound as the creation of the Internet," the new CEO adds, "we are rapidly approaching a world where everybody and everything will be connected." With the recent completion of Microsoft's acquisition of Nokia's handset business, Nokia will focus on three "strong business" areas — its HERE mapping software, Networks and Technologies.

A post on Nokia's official blog lays out the company's broader strategy. Its Networks business will focus on investing in new and innovative products and services for network operators, it says. Future efforts for HERE will focus on location tech for smart cars, "cloud-based services for personal mobility," including wearables and "special purpose devices," and location-based analytics for businesses. Finally, the Technologies business will continue to license Nokia's patent portfolio, while exploring new technologies "for use in potential future products and services."

Meanwhile the Nokia brand will continue to be used on Lumia smartphones created by the Microsoft-owned Nokia Devices and Services unit "for some time," according to recent tweets by @Nokia.

Source: Nokia

Alex Dobie