Patrik Hammarén appointed as President of Nokia Technologies

Leadership Appointment - Patrik Hammarén appointed as President of Nokia Technologies and member of the Nokia Group Leadership Team, effective 22 January 2025 [1] - Hammarén has been acting President of Nokia Technologies since October 2024 and has held several senior positions in Nokia Technologies' patent licensing business [3] - Hammarén will report to Pekka Lundmark, Nokia's President and Chief Executive Officer [6] Nokia Technologies Overview - Nokia Technologies manages and monetizes Nokia's intellectual property, including its industry-leading patent portfolio [2] - The business group licenses Nokia's innovation and contributions to global technology standards to other companies [2] Hammarén's Background - Hammarén joined Nokia in 2007 and has extensive experience in patent licensing, including roles as Chief Licensing Officer Wireless Technologies, Vice President, Head of IoT Licensing Program, and Head of Patent Licensing Greater China [3][8] - He holds a Master's degree in law from Helsinki University and a Master's degree in science from Aalto University [8] Strategic Vision and Goals - Pekka Lundmark, Nokia's President and CEO, highlighted Hammarén's strategic vision, drive, and experience to advance Nokia's patent business [4] - Hammarén aims to maximize Nokia's strengths in its patent portfolio and build on the successful completion of smartphone license renewals and momentum in licensing growth areas [5] Nokia's Broader Strategy - Nokia focuses on creating technology that helps the world act together, leveraging mobile, fixed, and cloud networks [10] - The company emphasizes secure, reliable, and sustainable networks, as well as open architectures that integrate into any ecosystem [10] - Nokia Bell Labs leads long-term research and intellectual property development, creating new opportunities for monetization and scale [10]