Nokia to sharpen customer organization focus as the 5G era accelerates and announces changes in the composition of the Nokia Group Leadership Team

Nokia Corporation

Stock Exchange Release

November 13, 2018 at 09:30 (CET +1)

Nokia to sharpen customer organization focus as the 5G era accelerates and announces changes in the composition of the Nokia Group Leadership Team

Ricky Corker appointed President of Customer Operations, Americas

Federico Guill n appointed President of Customer Operations, EMEA & Asia

Ashish Chowdhary to leave Nokia at the end of 2018 after 15 successful years

Espoo, Finland - Nokia today announced plans to realign its primary customer-facing organization into two regional groups: one covering the Americas and the other responsible for Europe, Middle East, Africa and Asia. The company also announced changes in the composition of the Nokia Group Leadership Team.

As we enter the 5G era, extreme customer focus is a must, said Nokia President and Chief Executive Officer, Rajeev Suri. The changes we are announcing today will ensure that we continue to have the senior management capacity necessary for superb customer relationships in a world of increasing speed and complexity. I am extremely pleased that we have two very strong leaders, Ricky Corker and Federico Guill n, to lead these new groups.

Ricky Corker is appointed President of Customer Operations, Americas. Corker is currently Executive Vice President and President North America, and he has played an instrumental role in returning the business in North America to growth and positioning Nokia strongly in 5G and other technologies. Prior to this he was Head of the Asia Pacific Region and held senior roles in Europe and Australia. He has a degree in Communications and Electronics from RMIT University in Melbourne, Australia. Corker will report to Suri and, effective January 1, 2019, will join the Nokia Group Leadership Team.

Federico Guill n is appointed President of Customer Operations, EMEA & Asia. Guill n is currently President, Fixed Networks, where he has delivered consistently strong financial performance while also investing in future-oriented opportunities such as the cable market. Prior to this he was President of Alcatel-Lucent Spain and head of the Telef nica account team. His extensive international experience includes leadership roles across Europe, Latin America, Middle East, Africa and India. He also sits on the board of Nokia Shanghai Bell. He has a degree in Telecommunications Engineering and a Masters degree in Switching & Communication Architectures from the ETSIT at the Polytechnic University of Madrid. Guill n will continue to report to Suri and remain a member of the Nokia Group Leadership Team. A new leader for Fixed Networks will be announced in due course.

Ashish Chowdhary will continue to lead Customer Operations and remain a member of the Nokia Group Leadership Team until the end of 2018. He will then leave Nokia to take a leadership position in another company.

Everyone has a time in their career when they want to try something new and, after 15 successful years at Nokia, Ashish has reached that moment, said Suri. The decision to leave Nokia was his alone, but he goes with my full support. Ashish has been a close friend, confidant and business partner for many years. He is a person with deep integrity, far-reaching insight, strong leadership skills and a work ethic like few others. I am pleased that he will be joining one of the worlds great companies in a prominent role, and I wish him every success.

As a result of these changes, Nokias Group Leadership Team will, effective January 1, 2019, consist of the following members: Rajeev Suri, Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ricky Corker, Joerg Erlemeier, Barry French, Sanjay Goel, Bhaskar Gorti, Federico Guill n, Kristian Pullola, Sri Reddy, Marc Rouanne, Maria Varsellona and Marcus Weldon.

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. These forward-looking statements reflect Nokias current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies and growth management; B) expectations, plans or benefits related to future performance of our businesses; C) expectations and targets regarding financial performance, results, operating expenses, taxes, currency exchange rates, hedging, 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; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding market developments, general economic conditions and structural changes; F) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services, including our expectations around the rollout of 5G services; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, uses of proceeds from transactions, acquisitions and divest

LINK:	https://www.nokia.com/news/releases/2018/11/13/nokia-to-sharpen-custom...
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