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Nokia’s New CEO is Steadily Coming up with New Strategy for his “Dream Job”

Nokia-New-CEO-Pekka-Lundmark

.Highlights

  • Nokia’s new CEO Pekka Lundmark says he has some ideas but will not rush to make a decision
  • With the US government’s decision to suppress trade with China, this presents Nokia with a golden opportunity to enter the market
  • “This job is my dream job. It’s definitely kind of a homecoming for me,” said Lundmark

Nokia’s new CEO Pekka Lundmark said he is taking his time to reintroduce himself with the Finnish telecommunications company. He is steadily coming up with a strategy, as the company is preparing to enter the highly political 5G race.

With the US government’s decision to suppress trade with Huawei and Chinese corporations in general, this presents Nokia with a golden opportunity to enter the market and charge for a front-runner position as it once was. But Lundmark is making it clear that he will not be ambushed or hurried.

Nokia’s new CEO in an interview

Lundmark said in a video interview with Reuters on Friday, “Maintaining good relations with governments in pretty much all parts of the world is extremely important. We are talking to governments in different parts of the world, but that’s pretty much business as usual for us.”

But he also did not consent to a discussion on his thoughts on Nokia’s broad product portfolio and strategy. The company made some product blunders back in 2019. Although they managed a near-miraculous comeback in second-quarter, in terms of profit the margin had been set low.

Lundmark did say that he has some ideas as to how he wants to go about this new year and has an inkling towards what direction. He wishes to steer the company towards, he also concluded by saying that he will have some more clarity on the situation once he gets re-acquainted with this new responsibility.

Lundmark is now set to be working closely with one of the most high-profile female leaders in the global telecoms industry, Sari Baldauf, who became chairwoman of Nokia earlier in 2020.

“This job is my dream job. It’s definitely kind of a homecoming for me,” said Lundmark, who had previously spent 10 years working for Nokia before spending another 20 years somewhere else.
Before becoming the CEO of Nokia, Pekka Lundmark had been the CEO of Finnish energy company Fortum.

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