Nokia Makes Board Changes

Nokia names Tero Ojanpera as new chief strategy officer and board member as Matti Alahuhta moves to Kone

November 22, 2004

1 Min Read

ESPOO, Finland -- Matti Alahuhta, Nokia's Chief Strategy Officer and Group Executive Board member, will leave the company at the end of 2004, as he has today been appointed President and COO of Kone, effective 1 January, 2005. Nokia has named Tero Ojanpera as Chief Strategy Officer and Group Executive Board member, as of 1 January, 2005.

Tero Ojanpera, currently heads Nokia's corporate R&D unit, the Nokia Research Center, which is key in ensuring the company's overall technological competitive and innovative edge. He has a strong Nokia background, mostly in the area of R&D, and holds a doctorate from the Delft University of Technology in the Netherlands.

Jorma Ollila, Chairman and CEO, Nokia said:

"Matti Alahuhta has been a member of Nokia's management team since the beginning of the 1990s, which marked a defining point in our company's history. During these years, Nokia has evolved from a diverse conglomerate into a highly focused world leader in mobile communications. In this change, Matti has had a strong role. I would like to express my sincere thanks to Matti for his valuable contribution as a business leader and a member of our group executive board, and take this opportunity to wish him every success in his new position.

"I would also welcome Tero Ojanpera to our management team. During his 14 years at Nokia, Tero has clearly shown an ability to balance the strong elements of his technological and research background with Nokia's broader business strategies. I am quite convinced that he will also prove a valuable contributor in his new role."

Nokia Corp.

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