Sandra Motley, President of Fixed Networks and ...

Nokia Corporation
Stock Exchange Release
January 31, 2019 at 08:00 (CET +1)

Sandra Motley, President of Fixed Networks and Tommi Uitto, President of Mobile Networks appointed to Nokia Group Leadership Team

• Tommi Uitto was appointed as President of Mobile Networks on November 22, 2018, now joins Group Leadership Team
• Sandra Motley was appointed as President of Fixed Networks effective January 1, 2019, now joins Group Leadership Team

Espoo, Finland - Nokia today announced that the previously appointed Presidents of Fixed Networks and Mobile Networks will become members of the Group Leadership Team effective immediately. Motley and Uitto will report to Nokia President and Chief Executive Officer, Rajeev Suri.

"After their strong starts in the roles as Presidents of their business groups I welcome them to the Group Leadership Team where I am confident they will make a strong contribution," said Rajeev Suri.

Motley started her career at AT&T Bell Laboratories, held a range of R&D and sales leadership positions at Alcatel-Lucent in both fixed and wireless businesses. Her most recent role before becoming President of Fixed Networks on January 1, 2019, was as COO for the Fixed Networks business group. Motley holds MS and BS degrees in Mechanical Engineering from S.U.N.Y. at Buffalo and an MBA in Finance from Fairleigh Dickinson University.

Uitto is a 23-year Nokia veteran, an expert in radio access technologies, and well-known to customers around the world. His most recent role before becoming President of Mobile Networks on November 22, 2018, was to lead Mobile Networks Product Sales since the acquisition of Alcatel-Lucent. Uitto holds an MSc in Industrial Management from the Helsinki University of Technology (TKK) and an MSc in Operations Management from Michigan Technological University.

Given these appointments, the previously announced plan to create a single Access Networks division that included both Fixed Networks and Mobile Networks business groups will not proceed. Since the announcement, other means of collaboration between Mobile Networks, Fixed Networks and Nokia Bell Labs focused on developing common technological and architectural leadership have been set up.

As a result of these changes, Nokia's Group Leadership Team will now consist of the following members: Rajeev Suri, Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ricky Corker, Joerg Erlemeier, Barry French, Sanjay Goel, Bhaskar Gorti, Federico Guillén, Sandra Motley, Kristian Pullola, Sri Reddy, Tommi Uitto, Maria Varsellona and Marcus Weldon.

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

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. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies and growth management; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends; C) expectations and targets regarding financial performance, results, operating expenses, taxes, currency exchange rates, hedging, 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; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding market developments, general economic conditions and structural changes; F) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services, including our short term and longer term expectations around the rollout of 5G and our ability to capitalize on such rollout; and the overall readiness of the 5G ecosystem ; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, uses of proceeds from transactions, acquisitions and divestments and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, capital structure optimization efforts, divestments and acquisitions, including our 2019-2020 cost savings program; L) expectations, plans or benefits related to future capital expenditures, temporary incremental expenditures or other R&D expenditures to develop or rollout new products, including 5G; and M) statements preceded by or including "believe", "expect", "expectations", "commit", "anticipate", "foresee", "see", "target", "estimate", "designed", "aim", "plan", "intend", "influence", "assumption", "focus", "continue", "project", "should", "is to", "will" or similar expressions. 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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.

About Nokia
We create the technology to connect the world. We develop and deliver the industry's only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 5.7 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.

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Source: NOKIA via Globenewswire