Nokia Names New CFO as It Plays Catch-Up With Ericsson, Huawei

Nokia headquarters in Espoo, Finland. Its incoming chief financial and executive officers both come from outside the company, signalling an openness to cultural change.

By Nina Trentmann and Stu Woo

Nokia Corp. has chosen an external candidate as its new finance chief, part of a wider management shake-up that comes as the telecommunications company tries to catch up in the race to provide 5G internet.

The Espoo, Finland-based company on Thursday named Marco Wirén chief financial officer, replacing Kristian Pullola, who had been in the role since January 2017.

Mr. Wirén is currently executive vice president of Finnish engineering company Wärtsilä Corp. and president of its energy division. Prior to these roles, he had been CFO at Wärtsilä, at steel company SSAB and at network provider Eltel Networks, Nokia said.

Mr. Wirén is set to join Nokia on Sept. 1, the same day as incoming Chief Executive Pekka Lundmark, the company said. Nokia in March announced it was naming Mr. Lundmark—head of Finnish energy company Fortum Corp. —to become its next CEO, replacing Rajeev Suri.

Source: WSJ(2020)

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