Nokia 2013 Annual Report Download - page 18

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NOKIA IN 2013
16
Team, please see the section “Compensation of the Board of
Directors and the Nokia Group Leadership Team” available
in the Additional Information section of this ‘Nokia in ’
publication.
For more information regarding Corporate Governance,
please see the Corporate Governance Statement in the
Additional Information section of this ‘Nokia in ’ publi-
cation or on Nokia’s website, www.company.nokia.com/en/
about-us.
Changes in Nokia Leadership Team
During , and subsequently, the following changes took
place in the Nokia Leadership Team (as of May ,  renamed
to Nokia Group Leadership Team):
■ Stephen Elop stepped aside as President and CEO while
continuing as a member of the Nokia Leadership Team as
Executive Vice President, Devices & Services, eff ective as
of September , . He stepped down from the Nokia
Leadership Team eff ective as of April ,  due to trans-
ferring to Microsoft in connection with the Sale of the D&S
Business.
■ Timo Ihamuotila served as interim President from
September ,  through April ,  while also continu-
ing to serve as Chief Financial Offi cer. During this interim
time Mr.Ihamuotila also chaired the Nokia Leadership Team.
■ Marko Ahtisaari, formerly Executive Vice President, Design,
stepped down from the Nokia Leadership Team eff ective as
of November ,  and continues in transitional role until
May , .
■ Jo Harlow, formerly Executive Vice President, Smart Devices,
stepped down from the Nokia Leadership Team eff ective as
of April ,  due to transferring to Microsoft in connec-
tion with the Sale of the D&S Business.
■ Juha Putkiranta, formerly Executive Vice President,
Operations, stepped down from the Nokia Leadership Team
eff ective as of April ,  due to transferring to Microsoft
in connection with the Sale of the D&S Business.
■ Timo Toikkanen, formerly Executive Vice President, Mobile
Phones, stepped down from the Nokia Leadership Team
eff ective as of April ,  due to transferring to Microsoft
in connection with the Sale of the D&S Business.
■ Chris Weber, formerly Executive Vice President, Sales and
Marketing, stepped down from the Nokia Leadership Team
eff ective as of April ,  due to transferring to Microsoft
in connection with the Sale of the D&S Business.
■ Louise Pentland, formerly Executive Vice President, Chief
Legal Offi cer stepped down from the Nokia Leadership Team
eff ective as of May ,  and continues to serve Nokia in an
advisory role during a transition period.
■ Juha Äkräs, formerly Executive Vice President, Human
Resources stepped down from the Nokia Leadership Team
eff ective as of May ,  and continues to serve Nokia in an
advisory role during a transition period.
■ Kai Öistämö, formerly Executive Vice President, Corporate
Development stepped down from the Nokia Leadership
Team eff ective as of May ,  and continues to serve
Nokia in an advisory role during a transition period.
■ Rajeev Suri was appointed the President and CEO of Nokia
Corporation and Chairman of Nokia Group Leadership Team
as from May , .
■ Samih Elhagen was appointed Executive Vice President and
Chief Financial and Operating Offi cer of Networks and mem-
ber of Nokia Group Leadership Team as from May , .
ARTICLES OF ASSOCIATION
Nokia’s Articles of Association is available on our website www.
company.nokia.com. Amendment of the Articles of Associa-
tion requires a resolution of the general meeting, supported
by two-thirds of the votes cast and two-thirds of the shares
represented at the meeting.
Nokia’s Articles of Association include provisions for re-
demption obligation. Amendment of the provisions of Article
 of the Articles of Association, “Obligation to purchase
shares”, requires a resolution supported by three-quarters of
the votes cast and three-quarters of the shares represented
at the meeting.
SHARES, SHARE CAPITAL AND
SHAREHOLDERS
Nokia has one class of shares. Each Nokia share entitles the
holder to one vote at general meetings of Nokia.
In , Nokia did not cancel or repurchase any shares nor
did Nokia issue any new shares.
In , Nokia transferred a total of   Nokia shares
held by it as settlement under Nokia equity plans to the plan
participants, personnel of Nokia Group, including certain Nokia
Leadership Team members. The shares were transferred free
of charge and the amount of shares transferred represented
approximately .% of the total number of shares and the
total voting rights. The transfers did not have a signifi cant
eff ect on the relative holdings of the other shareholders of the
company nor on their voting power.