Nokia has appointed Rajeev Suri as president and CEO of Nokia Corporation.
Suri, who heads up Nokia's networks division, will take up his new role this week. He has a track record for transforming businesses having led a major overhaul of Nokia's Networks division.
Nokia chairman Risto Siilasmaa said: 'As Nokia opens this new chapter, the Nokia Board and I are confident that Rajeev is the right person to lead the company forward.
'He has a proven ability to create strategic clarity, drive innovation and growth, ensure disciplined execution, and deliver results. We believe that his passion for technology will help ensure that Nokia continues to deliver innovations that have a positive impact on people's lives.'
Nokia said Siilasmaa, who has been acting CEO, will continue his role as chairman of Nokia's Board of Directors.
Suri said: 'I am honored to have been asked to take this role, and excited about the possibilities that lie in our future.
'Nokia, with its deep experience in connecting people and its three strong businesses, is well-positioned to tap new opportunities during this time of technological change. I look forward to working with the entire Nokia team as we embark on this exciting journey.'
Nokia said it is well positioned to take advantage of the rise of connected devices.
Suri said: 'The world of technology is on the verge of a change that we believe will be as profound as the creation of the internet.
'With our three strong businesses - Networks, HERE and Technologies - and position as one of the world's largest software companies, we are well placed to meet our goal to be a leader in the technologies for a world where everybody and everything is connected.'
He added: 'Nokia's strategy is to develop its three businesses in order to realize its vision of being a technology leader in a connected world and, in turn, create long-term shareholder value.
'Our goal is to optimize the company so that each business is best enabled to meet its goals. Where it makes sense to do so, we will pursue shared opportunities between the businesses, but not at the expense of focus and discipline in each.'