Nokia announced Timo Ihamuotila has resigned from the company as chief financial officer.
Ihamuotila has joined ABB as chief financial officer and a member of the Executive committee.
Ihamuotila will serve as CFO and a member of the company’s Group Leadership Team until December 31, 2016. He will also serve as an advisor to the company until February 28, 2017.
Kristian Pullola, who currently is Nokia’s senior vice president, Corporate Controller, will replace Ihamuotila from January 1, 2017.
The new Nokia Group Leadership Team will have the following members effective January 1, 2017: Rajeev Suri, Kristian Pullola, Samih Elhage, Federico Guillén, Basil Alwan, Bhaskar Gorti, Hans-Jürgen Bill, Kathrin Buvac, Ashish Chowdhary, Barry French, Marc Rouanne and Maria Varsellona.
Suri said, “Timo has helped make Nokia a stronger and better company, and he has my admiration.”
“He was instrumental in the purchase of the Siemens share of Nokia Siemens Networks; the sale of Nokia’s Devices & Services business to Microsoft; the divestment of HERE, our former mapping business; the recent acquisition of Alcatel-Lucent, and more.”
Commenting on the new responsibilities for Kristian Pullola, Suri said, “Kristian has been a strong contributor to the Nokia team since he joined us in 1999. He has expertise in all aspects of the CFO function, deep knowledge across our business in critical areas such as patent licensing and has been heavily involved in all key aspects of the Nokia transformation. Kristian’s track record, plus his close collaboration with Timo over many years, makes me confident that his transition into the role will be smooth and effective.”
Timo Ihamuotila said: “Nokia has been an important part of my life. After over 15 years with the company, it is time for me to take on a new challenge in a new company in a new industry. I am pleased to see a great long-time colleague taking over the role, and I leave knowing that the company is well-positioned for the future and focused on the right areas, with strong execution capabilities and a great team. Nokia will always have a place in my heart and I wish everyone in the company the very best for the coming years.”
Kristian Pullola said, “I am honored to have been selected as the new chief financial officer of Nokia, and look forward to working with Rajeev and the rest of the Nokia team to create shareholder value in the years to come.”
