Nokia Company
Inventory Change Launch
December 17, 2020, at 08:00 (CET +1)
Nokia appoints Nishant Batra as Chief Technique and Expertise Officer and member of the Nokia Group Management Group
Espoo, Finland – Nokia at present introduced the appointment of Nishant Batra, a confirmed know-how chief with broad international expertise, as Chief Technique and Expertise Officer and member of the Group Management staff, efficient from January 18, 2021.
Nishant joins Nokia from Veoneer in Sweden, a worldwide chief in automotive know-how, the place he was Govt Vice President and Chief Expertise Officer. Prior this position he held a number of positions at Ericsson over twelve years in Sweden, India and the US, most just lately as Head of Product Space Networks. He has intensive expertise with complicated methods primarily based on cutting-edge silicon know-how and each embedded in addition to cloud-based software program.
“I’m delighted to welcome Nishant to Nokia at a pivotal time for our firm,” says Pekka Lundmark, President and Chief Govt Officer of Nokia. “He’s a confirmed chief bringing with him a wealth of expertise from know-how to telecoms, in addition to deep information of our core CSP prospects, the enterprise sector, and the rising developments within the international market. His monitor document of creating modern new merchandise and efficiently taking them to market make him a improbable addition to our staff.”
“I’m honored to be a part of Nokia. This isn’t nearly becoming a member of an organization that has a improbable portfolio, it’s additionally concerning the pleasure of being related to such an iconic model,” says Nishant Batra. “The telecommunications business is an thrilling place to be for the time being with 5G now actually taking off, and Nokia is true on the coronary heart of it. The corporate has the true potential to work with numerous buyer teams out there and I see that we are able to make a major impression over the long run. My private ambition might be to make sure that Nokia is strategically positioned to win and that Nokia Bell Labs continues to be seen as the head of innovation.”
Nishant holds an MBA from INSEAD, a grasp’s diploma in telecommunications and a grasp’s diploma in pc science from Southern Methodist College in Dallas, and a bachelor’s diploma in pc purposes from Devi Ahilya College in India.
Nishant might be primarily based initially in Espoo, Finland, after which he’ll transfer to the US. He’ll report back to Nokia’s President and Chief Govt Officer Pekka Lundmark.
Further background info on all present members of the GLT will be discovered at www.nokia.com/en_int/investors/corporate-governance/group-leadership-team
About Nishant Batra
Born: 1978
Nationality: Indian
Schooling:
- MBA, INSEAD, Fontainebleau, France, 2005–2006
- Grasp of Science in Telecommunications, Southern Methodist College, Dallas, US, 2002–2003
- Grasp of Science in Pc Science, Southern Methodist College, Dallas, US, 2000–2001
- Bachelor of Pc Purposes, Devi Ahilya College, Indore, India, 1996–1999
Major skilled expertise:
Veoneer, Stockholm, Sweden, 2018–
- EVP and Chief Expertise Officer
Ericsson, 2006–2018
- Head of Product Space Networks, Stockholm, Sweden, 2016–2018
- Head of Engagement Practices for India area, Delhi, India, 2013–2015
- VP and Normal Supervisor (KAM) MetroPCS (now TMUS), Dallas, US, 2011–2013
- VP and CTO, Mid-Tier Buyer Unit, and Younger Advisor to CEO & President, Dallas, US, 2010–2011
- Director, Wi-fi Buyer Options, Dallas, US, 2009–2010
- Product Supervisor, Lengthy Time period Evolution, Enterprise Unit Networks, Stockholm, Sweden, 2008–2009
- Enterprise Growth and Technique Supervisor, Multimedia, India Gurgaon Area, India, 2007–2008
- Account Supervisor, AT&T KAM, Area US and Canada Atlanta/Plano, US, 2006–2007
Corpus 2002–2005
- Senior Advisor to Verizon – Info Expertise, Dallas, US, 2003–2005
- Advisor to Verizon – Info Expertise, Dallas, US, 2002–2003
Controlling Issue, Dallas, US, 2001–2002
Positions of belief:
- Advisor, Mavenir, 2018–2020
- Member of the Board of Administrators, Zenuity, 2019–2020
- Member of the Board of Administrators, Sensys Gatso Group, 2020–
Media Inquiries:
Nokia Communications
Tel. +358 10 448 4900
E mail: press.services@nokia.com
Investor Inquiries:
Nokia Investor Relations
Tel. +358 40 803 4080
E mail: investor.relations@nokia.com
About Nokia
We create the important networks and applied sciences to deliver collectively the world’s intelligence, throughout companies, cities, provide chains and societies.
With our dedication to innovation and know-how management, pushed by the award-winning Nokia Bell Labs, we ship networks on the limits of science throughout cellular, infrastructure, cloud, and enabling applied sciences.
Adhering to the very best requirements of integrity and safety, we assist construct the capabilities we’d like for a extra productive, sustainable and inclusive world.
For our newest updates, please go to us on-line www.nokia.com and observe us on Twitter @nokia.
Ahead-looking statements
It must be famous that Nokia and its companies are uncovered to varied dangers and uncertainties and sure statements herein that aren’t historic info are forward-looking statements. These forward-looking statements replicate Nokia’s present expectations and views of future developments and embrace statements relating to: A) expectations, plans or advantages associated to our methods, development administration and operational key efficiency indicators; B) expectations, plans or advantages associated to future efficiency of our companies (together with the anticipated impression, timing and length of that impression of COVID-19 on our companies, our provide chain and our prospects’ companies) and any future dividends together with timing and qualitative and quantitative thresholds related therewith; C) expectations and targets relating to monetary efficiency, money era, outcomes, the timing of receivables, working bills, taxes, foreign money change charges, hedging, price financial savings, product price reductions and competitiveness, in addition to outcomes of operations together with focused synergies, higher industrial administration and people outcomes associated to market share, costs, web gross sales, earnings and margins; D) expectations, plans or advantages associated to modifications in organizational and operational construction; E) expectations relating to competitors inside our market, market developments, common financial situations and structural and authorized change globally and in nationwide and regional markets, corresponding to China; F) our potential to combine acquired companies into our operations and obtain the focused enterprise plans and advantages, together with focused advantages, synergies, price financial savings and efficiencies; G) expectations, plans or advantages associated to any future collaboration or to enterprise collaboration agreements or patent license agreements or arbitration awards, together with earnings to be obtained below any collaboration or partnership, settlement or award; H) timing of the deliveries of our services, together with our quick time period and long term expectations across the rollout of 5G, funding necessities with such rollout, and our potential to capitalize on such rollout; I) expectations and targets relating to collaboration and partnering preparations, joint ventures or the creation of joint ventures, and the associated administrative, authorized, regulatory and different situations, in addition to our anticipated buyer attain; J) final result of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; Ok) expectations relating to restructurings, investments, capital construction optimization efforts, makes use of of proceeds from transactions, acquisitions and divestments and our potential to attain the monetary and operational targets set in reference to any such restructurings, investments, capital construction optimization efforts, divestments and acquisitions, together with our present price financial savings program; L) expectations, plans or advantages associated to future capital expenditures, discount of assist perform prices, short-term incremental expenditures or different R&D expenditures to develop or rollout software program and different new merchandise, together with 5G, ReefShark and elevated digitalization; M) expectations relating to our prospects’ future actions, together with our prospects’ capital expenditure constraints and our potential to fulfill buyer’s wants and retain their enterprise; and N) statements preceded by or together with “imagine”, “count on”, “expectations”, “ship”, “preserve”, “strengthen”, “goal”, “estimate”, “plan”, “intend”, “assumption”, “focus”, “proceed”, “ought to”, “will” or related expressions. These forward-looking statements are topic to a variety of dangers and uncertainties, lots of that are past our management, which may trigger our precise outcomes to vary materially from such statements. These statements are primarily based on administration’s greatest assumptions and beliefs in mild of the knowledge presently out there to them. These forward-looking statements are solely predictions primarily based upon our present expectations and views of future occasions and developments and are topic to dangers and uncertainties which are tough to foretell as a result of they relate to occasions and rely upon circumstances that can happen sooner or later. Elements, together with dangers and uncertainties that might trigger these variations embrace, however usually are not restricted to: 1) our technique is topic to varied dangers and uncertainties and we could also be unable to efficiently implement our strategic plans, maintain or enhance the operational and monetary efficiency of our enterprise teams, appropriately determine or efficiently pursue enterprise alternatives or in any other case develop our enterprise; 2) common financial and market situations, common public well being situations (together with its impression on our provide chains) and different developments within the economies the place we function, together with the timeline for the deployment of 5G and our potential to efficiently capitalize on that deployment; 3) competitors and our potential to successfully and profitably spend money on present and new high-quality merchandise, providers, upgrades and applied sciences and convey them to market in a well timed method; 4) our dependence on the event of the industries through which we function, together with the cyclicality and variability of the knowledge know-how and telecommunications industries and our personal R&D capabilities and investments; 5) our dependence on a restricted variety of prospects and enormous multi-year agreements, in addition to exterior occasions impacting our prospects together with mergers and acquisitions and the potential of our prospects awarding enterprise to our rivals; 6) our potential to keep up our present sources of mental property-related income by our mental property, together with by licensing, establishing new sources of income and defending our mental property from infringement; 7) our potential to handle and enhance our monetary and working efficiency, price financial savings, competitiveness and synergies typically, expectations and timing round our potential to acknowledge any web gross sales and our potential to implement modifications to our organizational and operational construction effectively; 8) our international enterprise and publicity to regulatory, political or different developments in varied nations or areas, together with rising markets and the related dangers in relation to tax issues and change controls, amongst others; 9) our potential to attain the anticipated advantages, synergies, price financial savings and efficiencies of acquisitions; 10) change price fluctuations, in addition to hedging actions; 11) our potential to efficiently understand the expectations, plans or advantages associated to any future collaboration or enterprise collaboration agreements and patent license agreements or arbitration awards, together with earnings to be obtained below any collaboration, partnership, settlement or arbitration award; 12) Nokia Applied sciences’ potential to guard its IPR and to keep up and set up new sources of patent, model and know-how licensing earnings and IPR-related revenues, significantly within the smartphone market, which can not materialize as deliberate, 13) our dependence on IPR applied sciences, together with those who we’ve got developed and people which are licensed to us, and the chance of related IPR-related authorized claims, licensing prices and restrictions on use; 14) our publicity to direct and oblique regulation, together with financial or commerce insurance policies, and the reliability of our governance, inside controls and compliance processes to forestall regulatory penalties in our enterprise or in our joint ventures; 15) our reliance on third-party options for information storage and repair distribution, which expose us to dangers referring to safety, regulation and cybersecurity breaches; 16) inefficiencies, breaches, malfunctions or disruptions of knowledge know-how methods, or our prospects’ safety issues; 17) our publicity to varied authorized frameworks regulating corruption, fraud, commerce insurance policies, and different danger areas, and the potential of proceedings or investigations that end in fines, penalties or sanctions; 18) adversarial developments with respect to buyer financing or prolonged fee phrases we offer to prospects; 19) the potential complicated tax points, tax disputes and tax obligations we might face in varied jurisdictions, together with the chance of obligations to pay further taxes; 20) our precise or anticipated efficiency, amongst different elements, which may scale back our potential to make the most of deferred tax belongings; 21) our potential to retain, encourage, develop and recruit appropriately expert workers; 22) disruptions to our manufacturing, service creation, supply, logistics and provide chain processes, and the dangers associated to our manufacturing websites; 23) the impression of litigation, arbitration, agreement-related disputes or product legal responsibility allegations related to our enterprise; 24) our potential to re-establish funding grade score or preserve our credit score rankings; 25) our potential to attain focused advantages from, or efficiently implement deliberate transactions, in addition to the liabilities associated thereto; 26) our involvement in joint ventures and jointly-managed corporations; 27) the carrying quantity of our goodwill will not be recoverable; 28) uncertainty associated to the quantity of dividends and fairness return (if any) we’re capable of distribute to shareholders for every monetary interval; 29) pension prices, worker fund-related prices, and healthcare prices; 30) our potential to efficiently full and capitalize on our order backlogs and proceed changing our gross sales pipeline into web gross sales; 31) dangers associated to undersea infrastructure; and 32) the scope and length of the COVID-19 impression on the worldwide economic system and monetary markets in addition to our prospects, provide chain, product growth, service supply, different operations and our monetary, tax, pension and different belongings, and the form of the financial restoration following the pandemic in addition to the chance elements laid out in our 2019 annual report on Kind 20-F printed on March 5, 2020 below “Working and monetary overview and prospects-Danger elements” as supplemented by the shape 6-Ok printed on April 30, 2020 below the header “Danger Elements” and in our different filings or paperwork furnished with the U.S. Securities and Change Fee. Different unknown or unpredictable elements or underlying assumptions subsequently confirmed to be incorrect may trigger precise outcomes to vary materially from these within the forward-looking statements. We don’t undertake any obligation to publicly replace or revise forward-looking statements, whether or not because of new info, future occasions or in any other case, besides to the extent legally required.