Nokia today confirms the composition of the Board of Directors and
announces the composition of the Board Committees and the new Group
Leadership Team following the successful public exchange offer for
Alcatel-Lucent securities.
Members of the Board of Directors confirmed and
Board Committee members elected
In accordance with the resolutions passed at the
Extraordinary General Meeting on December 2, 2015, and following
the successful public exchange offer for Alcatel-Lucent securities,
Nokia's Board of Directors consists of ten (10) members. The new
members of the Board of Directors are Louis R. Hughes, Jean C.
Monty and Olivier Piou. Elizabeth Doherty, who was a member of the
Board of Directors until the successful closing of the exchange
offer for Alcatel-Lucent securities, has stepped down from the
Board of Directors.
As previously announced, Risto Siilasmaa
continues as the Chairman of the Board. In the Board of Directors'
assembly meeting, the Board of Directors elected Olivier Piou as
Vice Chairman of the Board. The Nokia Board of Directors, for a
term ending at the close of the Annual General Meeting in 2016,
comprises the following members:
- Risto Siilasmaa (Chairman);
- Olivier Piou (Vice Chairman);
- Vivek Badrinath;
- Bruce Brown;
- Louis Hughes,
- Simon Jiang;
- Jouko Karvinen;
- Jean Monty;
- Elisabeth Nelson; and
- Kari Stadigh.
The Board of Directors also elected the members
of the Board Committees. Bruce Brown was elected as Chairman and
Simon Jiang, Olivier Piou and Kari Stadigh as members of the
Personnel Committee. Jouko Karvinen was elected as Chairman and
Vivek Badrinath, Louis Hughes, Jean Monty and Elizabeth Nelson as
members of the Audit Committee. Risto Siilasmaa was elected as
Chairman and Bruce Brown, Jouko Karvinen, Olivier Piou and Kari
Stadigh as members of the Corporate Governance and Nomination
Committee.
The resumés of the members of the Board of
Directors are available at
http://company.nokia.com/en/about-us/corporate-governance/board-of-directors/meet-the-board.
Nokia Group Leadership Team elected
Following the previously announced planned
leadership structure and the successful public exchange offer for
Alcatel-Lucent securities, Nokia today announced the new
composition of its Group Leadership Team, chaired by Rajeev Suri.
The Nokia Group Leadership Team comprises the following thirteen
(13) members; the President and Chief Executive Officer, five (5)
business group leaders and seven (7) unit leaders:
- Rajeev Suri, President and Chief Executive Officer;
- Samih Elhage, President of Mobile Networks;
- Federico Guillén, President of Fixed Networks;
- Basil Alwan, President of IP/Optical Networks;
- Bhaskar Gorti, President of Applications & Analytics;
- Ramzi Haidamus, President of Nokia Technologies;
- Timo Ihamuotila, Chief Financial Officer;
- Hans-Jürgen Bill, Chief Human Resources Officer;
- Kathrin Buvac, Chief Strategy Officer;
- Ashish Chowdhary, Chief Customer Operations Officer;
- Barry French, Chief Marketing Officer;
- Marc Rouanne, Chief Innovation & Operating Officer;
and
- Maria Varsellona, Chief Legal Officer.
Further information on the members of the Nokia
Group Leadership Team is available at
http://company.nokia.com/en/about-us/corporate-governance/nokia-group-leadership-team.
Alcatel-Lucent transaction
As previously announced and following the
successful public exchange offer for Alcatel-Lucent securities,
Nokia and Alcatel-Lucent are proceeding with their integration
plans. The Boards of Directors of Nokia and, after having received
a positive recommendation by its Independent Directors Committee,
the Board of Directors of Alcatel-Lucent, have unanimously approved
two services agreements to implement such integration plans, which
were entered into between Nokia and Alcatel-Lucent today.
About Nokia
Nokia is a global leader in the technologies that connect people
and things. Powered by the innovation of Bell Labs and
Nokia Technologies, the company is at the forefront of creating
and licensing the technologies that are increasingly at
the heart of our connected lives.
With state-of-the-art software, hardware and services for any
type of network, Nokia is uniquely positioned to help
communication service providers, governments, and large
enterprises deliver on the promise of 5G, the Cloud and the
Internet of Things. www.nokia.com
ENQUIRIES
Media Enquiries: Nokia Communications Tel. +358
(0) 10 448 4900 Email: press.services@nokia.com
Investor Enquiries: Nokia Investor Relations
Tel. +358 4080 3 4080 Email: investor.relations@nokia.com
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION
IMPORTANT ADDITIONAL INFORMATION
This stock exchange release relates to the public exchange offer
by Nokia to exchange all of the ordinary shares, American
Depositary Shares ("ADSs") and convertible securities issued by
Alcatel Lucent for new ordinary shares and ADSs of Nokia. This
stock exchange release is for informational purposes only and does
not constitute an offer to purchase or exchange, or a solicitation
of an offer to sell or exchange, any ordinary shares, ADSs or
convertible securities of Alcatel Lucent, nor is it a substitute
for the Registration Statement on Form F-4 (Registration No. 333-
206365) (the "Registration Statement"), the Schedule TO, the
Solicitation / Recommendation Statement on Schedule 14D-9 filed
with the SEC, the listing prospectus and listing prospectus
supplement of Nokia filed with the Finnish Financial Supervisory
Authority or Nokia's offer document (note d'information) and
Alcatel Lucent's response document (note en réponse) filed with the
Autorité des marchés financiers (the "AMF") (including the letter
of transmittal and related documents and as amended and
supplemented from time to time, the "Exchange Offer Documents"). No
offering of securities shall be made in the United States except by
means of a prospectus meeting the requirements of Section 10 of the
U.S. Securities Act of 1933. The exchange offer is being made only
through the Exchange Offer Documents.
The making of the exchange offer to specific persons who are
residents in or nationals or citizens of jurisdictions outside
France or the United States or to custodians, nominees or trustees
of such persons (the "Excluded Shareholders") may be made only in
accordance with the laws of the relevant jurisdiction. It is the
responsibility of the Excluded Shareholders wishing to accept an
exchange offer to inform themselves of and ensure compliance with
the laws of their respective jurisdictions in relation to the
exchange offer. The tender offer is being made only through the
Exchange Offer Documents.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE EXCHANGE
OFFER DOCUMENTS AND ALL OTHER RELEVANT DOCUMENTS THAT NOKIA OR
ALCATEL-LUCENT HAS FILED OR MAY FILE WITH THE SEC, AMF, NASDAQ
HELSINKI OR FINNISH FINANCIAL SUPERVISORY AUTHORITY WHEN THEY
BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT
INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY
DECISION REGARDING THE EXCHANGE OFFER.
The information contained in this stock exchange release must
not be published, released or distributed, directly or indirectly,
in any jurisdiction where the publication, release or distribution
of such information is restricted by laws or regulations.
Therefore, persons in such jurisdictions into which these materials
are published, released or distributed must inform themselves about
and comply with such laws or regulations. Nokia and Alcatel Lucent
do not accept any responsibility for any violation by any person of
any such restrictions.
The Exchange Offer Documents and other documents referred to
above, if filed or furnished by Nokia or Alcatel Lucent with the
SEC, as applicable, are available free of charge at the SEC's
website ( www.sec.gov ).
Nokia's offer document (note d'information) and Alcatel Lucent's
response document (note en réponse), containing detailed
information with regard to the exchange offer, are available on the
websites of the AMF (www.amf-france.org ), Nokia (www.nokia.com )
and Alcatel Lucent (www.alcatel-lucent.com ).
HUG#1977661
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