Pekka Lundmark (born 9 December 1963) is a Finnish business executive, and the president and CEO of Nokia. Previously, he was CEO of Fortum, a Finnish state-owned energy company, from 2015 to July 2020.

With almost 20 years as a Chief Executive Officer (CEO), Pekka has accrued deep expertise in the telecommunications, technology, energy, machinery, and finance sectors, all of which are central to the transition into the Fourth Industrial Revolution. Pekka was appointed as Nokia’s CEO on August 1, 2020.

Feb 10, 2025 · Nokia’s President and Chief Executive Officer, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed Justin Hotard as the next President and Chief Executive Officer of Nokia. He will start in his new role on 1 April 2025.

Feb 12, 2025 · Nokia has announced a change in leadership, as Pekka Lundmark, the current President and CEO, has decided to step down. The date set for his departure is 31 March 2025, paving the way for a new President and CEO, Justin Hotard, on 1 April 2025.

Mar 3, 2025 · At the company’s pre-MWC 2025 media event, outgoing Nokia CEO Pekka Lundmark emphasized four major themes for Nokia in Barcelona this week, ... While service providers account for 80% of Nokia’s business and Lundmark said that he expected them to remain the company’s most important customer group, the company is also pursuing adjacent ...

Feb 10, 2025 · Nokia’s president and CEO, Pekka Lundmark, has informed the board that he will step down. The board has appointed Justin Hotard as the next president and CEO of Nokia. He will start in his...

Feb 10, 2025 · Finnish telecom giant Nokia (HE:NOKIA) announced on Monday that CEO Pekka Lundmark will step down, with Justin Hotard set to take over the role. The leadership transition marks a strategic shift...

Nov 29, 2024 · (Bloomberg) — Pekka Lundmark is seeking to keep Nokia Oyj on track after the Finnish company lost a $14 billion contract with AT&T Inc. to competitor Ericsson AB, meaning Nokia’s communications equipment will get removed from one of the largest US networks.

Feb 10, 2025 · Pekka Lundmark, who has led Nokia as CEO since 2020, is stepping down; The company is bringing in Intel's Data Center and AI chief Justin Hotard as Lundmark's replacement; The move comes after Nokia laid out plans to chase growth in the cloud market in light of a telecom slowdown

Feb 10, 2025 · Nokia CEO Pekka Lundmark is set step to down, with Intel’s data centre and AI general manager Justin Hotard set to take over. Hotard will take over the Nokia mantel from April 1, ending Lundmark’s five-year reign at the Finnish firm.