Nokia names Rajeev Suri as its new CEOApril 29, 2014 - 10:12 AMT PanARMENIAN.Net - Nokia has named Rajeev Suri as its new chief executive officer, BBC News reports. The 46-year old has until now led Nokia Solutions and Networks (NSN), the network equipment unit of the firm. The unit is set to become its key business after Nokia finalized the sale of its mobile phone division to Microsoft last week. The sale saw Nokia's former chief executive Stephen Elop leave the firm to become executive vice president of the Microsoft devices group. Risto Siilasmaa, chairman of Nokia, said Suri "has a proven ability to create strategic clarity, drive innovation and growth, ensure disciplined execution, and deliver results". Indian-born, Suri has been working at Nokia for the past 20 years and has lead the firm's network equipment unit since October 2009, helping to make it profitable. The Finnish company said it would now focus on networks, mapping services, technology development and licenses. Nokia said it expects billions of devices to become interconnected over the next ten years across a range of sectors such as transportation, health and wellness. It said this development would require increased connectivity to handle the growing data traffic, improved location services as well as innovation in areas such as radio and low power technologies. "Nokia's vision is to be a leader over the long term in these three areas," the firm said in statement. The company also announced that it would pay a special dividend of 0.26 euros ($0.36) per share - subject to shareholder approval - in 2014 as a result of the sale of its mobile phone unit. The extra dividend amounts to around 1bn euros. Nokia sold its mobile phone business to Microsoft for 5.44bn euros. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |