Raghav Sahgal appointed President, Nokia Enterprise and a member of the Nokia Group Leadership Team as Kathrin Buvac prepares to leave Nokia to pursue a new opportunity
Nokia Corporation
Stock Exchange Release
May 5, 2020 at 8:00 (CET +1)
Raghav Sahgal appointed President, Nokia Enterprise and a member of the Nokia Group Leadership Team as Kathrin Buvac prepares to leave Nokia to pursue a new opportunity
Strong succession designed to maintain momentum in fast-growing Enterprise business
Buvac to step down from Nokia Group Leadership Team on May 31, Sahgal to join on June 1
Espoo, Finland - Nokia announced today that Kathrin Buvac, President of Nokia Enterprise, has decided to leave the company at the end of May to take a leadership position at a global technology company. At that time, she will also step down from her position on the company's Group Leadership Team. Buvac will be succeeded by Raghav Sahgal, currently Senior Vice President of Nokia Software with responsibility for global sales and market services. Sahgal will formally assume his new position and join the Group Leadership Team on June 1, 2020.
Nokia's commitment to our fast-growing Enterprise business remains strong, and I am pleased that we have an excellent leader in Raghav Sahgal, who is ready to take on the position of President, Nokia Enterprise, said Nokia President and Chief Executive Officer Rajeev Suri. Raghav has a demonstrated record of success in his current role in Nokia Software. I look forward to him joining the Group Leadership Team and building on the strong momentum and fast growth we have in the enterprise segment.
Sahgal joined Nokia in April 2017 from NICE Systems, where he served as President of the Asia Pacific and Middle East regions. Prior to NICE, Raghav held a number of executive and senior leadership positions with Oracle, Comverse, CSG, Kenan and Lucent. Sahgal holds a Bachelor of Science and Engineering degree in Computer Engineering from Tulane University and a Master of Science from the University of Maryland, USA. He also attended the General Management Program at Harvard Business school.
Kathrin has been with Siemens, Nokia Siemens Networks and then Nokia for close to 20 years, and I both understand and support her desire to take on a new challenge, said Suri. Kathrin has held key leadership positions at Nokia, including Chief Strategy Officer, and has been at the heart of many of our transformational changes, including the turnaround of Nokia Siemens Networks and the acquisition of Alcatel-Lucent. In her most recent role as President of Nokia Enterprise, she led Nokia's entry into a new customer segment focused on enterprise networks and industrial automation, delivering profitable, double-digit growth.
For the full year 2019, the Nokia Enterprise had revenues of 1.4 billion, an increase of 18% in constant currency from 2018. Customers include Soci t du Grand Paris, Deutsche Bahn, SBB, Elektro, Florida Power & Light, UPMC, Lufthansa Technik, BMW, some of the worlds largest webscale companies, and many others.
Additional background on all current members of the GLT can be found at https://www.nokia.com/en_int/investors/corporate-governance/group-leade .
About Nokia
We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.
Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.
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RISKS AND 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, growth management and operational key performance indicators; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends including timing and qualitative and quantitative thresholds associated therewith; C) expectations and targets regarding financial performance, cash generation, results, the timing of receivables, operating expenses, taxes, currency exchange rates, hedging, cost savings, product cost reductions and competitiveness, as well as results of operations including targeted synergies, better commercial management and those results 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 competition within our market, market developments, general economic conditions and structural and legal change globally and in national and regional markets, such as China; 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 rece
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Raghav Sahgal appointed President, Nokia Enterprise and a member of the Nokia Group Leadership Team as Kathrin Buvac prepares to leave Nokia to pursue a new opportunity 
