Nokia announced the appointment of Marco Wiren as CFO of the company and member of the Group Leadership Team, replacing current CFO Kristian Pullola.
Rajeev Suri, Nokia president and CEO, has earlier announced his decision to step down from the top position. Pekka Lundmark is the new CEO of Nokia, the second largest telecom network maker in the world.
Marco Wiren, who will be based at Nokia’s headquarters in Espoo, Finland, is president of Wartsila Energy.
Marco Wiren has held a number of CFO and other senior financial roles, including CFO of Wartsila Group; CFO of SSAB Group, a specialized steel company; and CFO of Eltel Networks, a provider of technical services to the electrical and telecommunications industries.
Kristian Pullola, who served as chief financial officer since January 2017, will step down as CFO and leave the Group Leadership Team on August 31, 2020. He will remain with the company until around the end of the year to ensure a smooth transition.
Kristian Pullola, who has been with Nokia for 21 years, played a key role in the transactions that transformed Nokia to a global leader in telecommunications infrastructure, including the sale of the Devices business to Microsoft and the acquisition of Alcatel-Lucent.
Kristian Pullola also led company-level performance management processes and helped reduce overall fixed costs substantially. Kristian Pullola transformed the finance function into a process-led business partner while enhancing productivity.