Nokia 2003 Annual Report Download - page 71

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President of the European Broadcasting Union (EBU),
member of the Board of Directors of the International
Council of NATAS and member of the Trilateral
Commission (Europe).
On January 22, 2004, with an amendment on February 6, 2004, we announced the proposal of the
Corporate Governance and Nomination Committee to the Annual General Meeting convening on
March 25, 2004 regarding the election of the members of the Board of Directors. As Mr. Robert F.
W. van Oordt has reached the Nokia Board’s retirement age of 68 years, as provided by the
Corporate Governance Guidelines of Nokia, he will not stand for re-election to the Board. The
Corporate Governance and Nomination Committee will propose to the Annual General Meeting that
the number of Board members be decreased from the current nine to eight and that the following
persons be re-elected for a term of one year: Mr. Paul J. Collins, Mr. Georg Ehrnrooth, Dr. Bengt
Holmstr¨
om, Mr. Per Karlsson, Mr. Jorma Ollila, Dame Marjorie Scardino, Mr. Vesa Vainio and
Mr. Arne Wessberg.
Group Executive Board
Our articles of association provide for a Group Executive Board, which is responsible for managing
the operations of Nokia. The Chairman and the members of the Group Executive Board are elected
by the Board of Directors. Only the Chairman of the Group Executive Board can be a member of
both the Board of Directors and the Group Executive Board. The current members of our Group
Executive Board are set forth below.
Chairman Jorma Ollila, b. 1950 Chairman and CEO of Nokia Corporation.
Group Executive Board member since 1986. Chairman since
1992.
Joined Nokia 1985.
Master of Political Science (University of Helsinki), Master
of Science (Econ.) (London School of Economics), Master of
Science (Eng.) (Helsinki University of Technology).
President and CEO, and Chairman of the Group Executive
Board of Nokia Corporation 1992-1999, President of Nokia
Mobile Phones 1990-1992, Senior Vice President, Finance
of Nokia 1986-1989. Holder of various managerial
positions at Citibank within corporate banking 1978-1985.
Member of the Board of Directors of Ford Motor Company
and UPM-Kymmene Corporation and Vice Chairman of
Otava Books and Magazines Group Ltd. Member of The
European Round Table of Industrialists.
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