Nokia 2014 Annual Report Download - page 72

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NOKIA IN 201470
Board of Directors and management
Board of Directors,
Nokia Group Leadership Team
and President and CEO
Pursuant to the Articles of Association,
NokiaCorporation has a Board of Directors
composed of a minimum of seven and a
maximum of 12 members. The members of
the Board are elected for a one-year term at
each Annual General Meeting; i.e., from the
close of the Annual General Meeting until the
close of the next Annual General Meeting,
which convenes annually by June 30.
The Annual General Meeting held on June 17,
2014 elected the following nine members to
the Board: Vivek Badrinath, Bruce Brown,
Elizabeth Doherty, Jouko Karvinen, Mårten
Mickos, Elizabeth Nelson, Risto Siilasmaa,
Kari Stadigh and Dennis Strigl.
The Board has the responsibility for
appointing and discharging the President and
Chief Executive Ocer, Group Chief Financial
Ocer and other members of the Nokia
Group Leadership Team (previously, until April
30, 2014 called the Nokia Leadership Team).
On September 3, 2013, Timo Ihamuotila had
assumed the role of interim President while
also continuing to serve as CFO, and Risto
Siilasmaa had assumed the role of interim
CEO while also continuing to serve as the
Chairman of Board. Eective as of May 1,
2014 the Board appointed Rajeev Suri the
President and CEO of Nokia Corporation.
For information on remuneration, shares
and stock options held by the members
of the Board, the President and CEO and
the other members of the Nokia Group
Leadership Team, refer to “Compensation”.
For more information regarding Corporate
Governance at Nokia, refer to “Corporate
Governance Statement” or to Nokia’s website
at company.nokia.com/en/about-us/
corporate-governance.
Changes in Nokia Group
Leadership Team
Timo Ihamuotila served as interim President
from September 3, 2013 through April 30,
2014, while also serving as Chief Financial
Ocer. During this period, Mr. Ihamuotila also
chaired the Nokia Leadership Team.
During 2014, the following appointments were
made to the Nokia Group Leadership Team:
■Rajeev Suri was appointed the President
and CEO of Nokia Corporation and
Chairman of Nokia Group Leadership Team
as of May 1, 2014.
■Samih Elhage was appointed Executive Vice
President and Chief Financial and Operating
Officer of Networks and member of Nokia
Group Leadership Team as of May 1, 2014.
■Ramzi Haidamus was appointed President,
Nokia Technologies and member of
Nokia Group Leadership Team as of
September 3, 2014.
■Sean Fernback was appointed President,
HERE and member of Nokia Group
Leadership Team as of November 1, 2014.