Sari Baldauf becomes Nokia's new Chairwoman
Baldauf is one of the high-profile female executives in the global telecoms industry and faces a tough task to fight back in the 5G race, as rivals Ericsson and Huawei put pressure on its sales and cash reserves.
Outgoing Chief Executive Rajeev Suri, who will hand over to Pekka Lundmark in September, said the company will emerge from the coronavirus crisis stronger than before, and had a strengthened supply chain with 25 factories around the globe.
Nokia has been hampered by delays in its system-on-chip (SoC) development - an entire computer system on a single chip which allows the company to cut costs.
Baldauf, 64, rejoined the Nokia board in 2018, having already been a member between 1994 and 2005.
She is the last remaining Executive from former Chairman and CEO Jorma Ollila's team, which in the late 1990s turned a Finnish company with a tiny tech unit into the world's biggest cellphone maker.
Bharti Enterprises wins bid for OneWeb
Bharti Enterprises will provide the company commercial and operational lead...
Pakistan temporarily bans PUBG due to 'negative impact'
Pakistan has temporarily blocked the popular online game PlayerUnknown's Ba...
On Mumbai Airport scam, CBI books GVK Chief's son for siphonin
The CBI has booked the Chairman of the GVK Group of Companies, Venkata Kris...