Telecom equipment supplier Nokia named a new finance chief, the latest shuffle of the Finnish company’s leadership ranks.
replacing outgoing finance chief Kristian Pullola, who will remain with the company until the end of the year to aid the transition, Nokia said in a statement. Previously, he was CFO of Wärtsilä Group, finance chief for Swedish steelmaker SSAB and CFO of Stockholm-based telecom company Eltel Networks. Click here
Along with Sweden’s Ericsson, Nokia is one of Huawei’s biggest competitors amid the shift to the fifth generation of cellular networking technology, commonly known as 5G. The move to 5G, which had been slower than expected, is touted as a crucial building block to advances in everything from mobile phones to driverless vehicles and automated warehouses. During the first three months of the year, Nokia saw sales slip 2% to 4.9 billion euros ($5.6 billion).
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