Nokia - Inside information

Nokia announces changes in its organization and Group Leadership Team to accelerate the execution of company strategy

Nokia Corporation
Stock Exchange Release
March 17, 2017 at 8.30 EET (CET +1)

Nokia announces changes in its organization and Group Leadership Team to
accelerate the execution of company strategy


Espoo, Finland - Nokia today announced changes in its organizational structure
and Group Leadership Team (GLT), effective from April 1, 2017.

"These changes are designed to accelerate the execution of our strategy," said
Nokia President and CEO Rajeev Suri. "They will strengthen our ability to
deliver strong financial performance, drive growth in services, meet changing
customer demands in mobile networks, achieve our cost saving and ongoing
transformation goals, and enable strategic innovation across our networks
business."

The organizational changes announced today include the separation of Nokia's
current Mobile Networks business group into two distinct, but closely linked,
organizations: one focused on products and solutions, called Mobile Networks,
and the other on services, called Global Services. In addition, the company's
Chief Innovation and Operating Officer (CIOO) organization will be split, with
its current operating activities moved to a newly-appointed Chief Operating
Officer (COO) organization, innovation activities to Nokia's Chief Technology
Officer and incubation to Nokia's Chief Strategy Officer.

Leadership changes announced today include the following:

  * Marc Rouanne, currently Chief Innovation and Operating Officer, will become
    President of the Mobile Networks business group, responsible for mobile
    products and solutions, including 4G, 5G, cloud core, small cells and other
    advanced mobile solutions. Rouanne will remain on the GLT, reporting to
    Suri.
  * Igor Leprince, currently Executive Vice President of Global Services, will
    take the role of President of Global Services, a new business group
    comprised of the Services organization that currently resides within the
    existing Mobile Networks business group, including company-wide managed
    services. Leprince will join the GLT as a new member, reporting to Suri.
  * Monika Maurer, currently Chief Operating Officer of Fixed Networks, will
    assume the position of Group COO, responsible for Nokia's operating model,
    Global Operations (manufacturing and supply chain), procurement,
    implementation of cost saving and ongoing transformation activities,
    information technology, real estate, and quality. Maurer will join the GLT
    as a new member, reporting to Suri.
  * Marcus Weldon, currently President of Nokia Bell Labs and Chief Technology
    Officer, will retain those responsibilities and join the GLT as a new
    member, reporting to Suri.
  * Kathrin Buvac, Chief Strategy Officer, will assume additional
    responsibilities for incubation of select new business opportunities, and
    Barry French, Chief Marketing Officer, will assume additional
    responsibilities for Health, Safety, Security and Environment. They will
    both remain on the GLT, reporting to Suri.
  * With the integration of Alcatel-Lucent largely complete, Samih Elhage has
    decided to leave Nokia to pursue new opportunities. Elhage will continue in
    his current role and as a member of the GLT until April 1, 2017, and will
    remain as an advisor to the company through May 31, 2017.
"From helping lead the transformation at Nokia Siemens Networks and creating a
disciplined operating model that remains a competitive advantage, to being one
of the driving forces behind the acquisition of Alcatel-Lucent and its fast and
successful integration, Samih's contributions to Nokia have been remarkable,"
said Suri. "He has been a close friend and advisor through times both good and
bad, and I fully support his desire for a change."

"I am proud of what I was able to accomplish during my time at Nokia and leave
confident that the company is extremely well-positioned for the future," said
Elhage.

As a result of these changes, all of which are effective from April 1, 2017, the
Nokia GLT will consist of the following members: Rajeev Suri, Kristian Pullola,
Monika Maurer, Basil Alwan, Bhaskar Gorti, Federico Guillén, Igor Leprince, Marc
Rouanne, Ashish Chowdhary, Hans-Jürgen Bill, Kathrin Buvac, Barry French, Maria
Varsellona and Marcus Weldon.

Additional background on the new members of the GLT can be found at
www.nokia.com/en_int/investors/corporate-governance/group-leadership-team

The company will continue to report financial information for Ultra Broadband
Networks, IP Networks and Applications and Nokia Technologies. Ultra Broadband
Networks will be composed of the Mobile Networks, Global Services and Fixed
Networks business groups. IP Networks and Applications will continue to be
composed of the IP/Optical Networks and Applications & Analytics business
groups.


About Nokia
Nokia is a global leader innovating the technologies at the heart of our
connected world. Powered by the research and innovation of Nokia Bell Labs, we
serve communications service providers, governments, large enterprises and
consumers, with the industry's most complete, end-to-end portfolio of products,
services and licensing.


From the enabling infrastructure for 5G and the Internet of Things, to emerging
applications in virtual reality and digital health, we are shaping the future of
technology to transform the human experience. www.nokia.com


Media Enquiries:
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Email: press.services@nokia.com


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, including, without limitation, those regarding:
A) our ability to integrate Alcatel-Lucent into our operations and achieve the
targeted business plans and benefits, including targeted synergies in relation
to the acquisition of Alcatel-Lucent; B) expectations, plans or benefits related
to our strategies and growth management; C) expectations, plans or benefits
related to future performance of our businesses; D) expectations, plans or
benefits related to changes in organizational and operational structure as well
as changes in our Group Leadership Team; E) expectations regarding market
developments, general economic conditions and structural changes; F)
expectations and targets regarding financial performance, results, operating
expenses, taxes, currency exchange rates, hedging, reportable segments, cost
savings and competitiveness, as well as results of operations including targeted
synergies and those related to market share, prices, net sales, income and
margins; and G) statements preceded by or including "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate," "designed," "aim,"
"plans," "intends," "focus," "continue," "project," "should," "will" or similar
expressions.


These statements are based on management's best assumptions and beliefs in light
of  the information  currently available  to it.  Because they involve risks and
uncertainties,  actual results  may differ  materially from  the results that we
currently  expect. Factors, including  risks and uncertainties  that could cause
these  differences include, but  are not limited  to:  1) our ability to execute
our  strategy, sustain or  improve the operational  and financial performance of
our   business   and   correctly   identify  and  successfully  pursue  business
opportunities  or growth;  2) our ability  to achieve  the anticipated benefits,
synergies,  cost savings and efficiencies of the Alcatel-Lucent acquisition, and
our ability to implement our organizational and operational structure as well as
changes in our Group Leadership Team efficiently; 3) general economic and market
conditions  and other  developments in  the economies  where we  operate; 4) our
ability  to manage  and improve  our financial  and operating  performance, cost
savings,  competitiveness and synergies after the acquisition of Alcatel-Lucent;
and  5) our  ability  to  retain,  motivate,  develop  and recruit appropriately
skilled  employees, as well as  the risk factors specified  on pages 69 to 87 of
our  annual  report  on  Form  20-F  filed on April 1, 2016 under "Operating and
financial  review and prospects-Risk factors", and in Nokia's other filings with
the  U.S.  Securities  and  Exchange  Commission. Other unknown or unpredictable
factors  or  underlying  assumptions  subsequently  proven to be incorrect could
cause  actual results  to differ  materially from  those in  the forward-looking
statements.  We do  not undertake  any obligation  to publicly  update or revise
forward-looking  statements,  whether  as  a  result  of new information, future
events or otherwise, except to the extent legally required.



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