Nokia Oyj Management
Management criteria checks 3/4
Nokia Oyj's CEO is Pekka Lundmark, appointed in Aug 2020, has a tenure of 4.25 years. total yearly compensation is €3.74M, comprised of 35.4% salary and 64.6% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth CHF6.51M. The average tenure of the management team and the board of directors is 4.2 years and 2.6 years respectively.
Key information
Pekka Lundmark
Chief executive officer
€3.7m
Total compensation
| CEO salary percentage | 35.4% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.2yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €914m |
| Jun 30 2024 | n/a | n/a | €912m |
| Mar 31 2024 | n/a | n/a | €834m |
| Dec 31 2023 | €4m | €1m | €660m |
| Sep 30 2023 | n/a | n/a | €4b |
| Jun 30 2023 | n/a | n/a | €4b |
| Mar 31 2023 | n/a | n/a | €4b |
| Dec 31 2022 | €9m | €1m | €4b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €2b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €9m | €1m | €2b |
| Sep 30 2021 | n/a | n/a | -€2b |
| Jun 30 2021 | n/a | n/a | -€2b |
| Mar 31 2021 | n/a | n/a | -€2b |
| Dec 31 2020 | €3m | €542k | -€3b |
Compensation vs Market: Pekka's total compensation ($USD4.05M) is about average for companies of similar size in the Swiss market ($USD4.69M).
Compensation vs Earnings: Pekka's compensation has been consistent with company performance over the past year.
CEO
Pekka Lundmark (61 yo)
4.3yrs
Tenure
€3,738,560
Compensation
Mr. Pekka Ilmari Lundmark, M.Sc. (Eng.), has been President and Chief Executive Officer at Nokia Corporation since August 1, 2020. He had been President and Chief Executive Officer of Fortum Oyj since Sept...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 4.3yrs | €3.74m | 0.029% CHF 6.5m | |
| Chief Financial Officer | 4.2yrs | no data | 0.0059% CHF 1.3m | |
| Vice President of Corporate Controlling & Accounting | no data | no data | no data | |
| Chief Strategy & Technology Officer | 3.8yrs | no data | 0.0062% CHF 1.4m | |
| Head of Investor Relations | 3.5yrs | no data | no data | |
| Chief Legal Officer | 2.1yrs | no data | 0.00068% CHF 152.7k | |
| Chief Communications Officer | less than a year | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Executive Officer | 5.3yrs | no data | no data | |
| Head of Nordic&Baltic | 10.6yrs | no data | no data | |
| President of Network Infrastructure | 8.8yrs | no data | 0.0088% CHF 2.0m | |
| Head of Middle East & Africa | 8.6yrs | no data | no data |
4.2yrs
Average Tenure
51yo
Average Age
Experienced Management: NOKIA's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.6yrs | €230.00k | 0.00088% CHF 197.6k | |
| Independent Director | 2.6yrs | €217.00k | 0.0011% CHF 246.9k | |
| Independent Chair of the Board | 6.5yrs | €475.00k | 0.0063% CHF 1.4m | |
| Independent Director | 1.6yrs | €220.00k | 0.00084% CHF 188.6k | |
| Independent Director | 2.6yrs | €215.00k | 0.0011% CHF 244.7k | |
| Independent Vice Chairman of the Board | 5.5yrs | €239.00k | 0.0021% CHF 473.7k | |
| Independent Non-Executive Director | 8.4yrs | €229.00k | 0.0030% CHF 664.5k | |
| Director | less than a year | no data | no data | |
| Independent Director | 4.5yrs | €239.00k | 0.0027% CHF 599.4k | |
| Independent Director | 2.6yrs | €209.00k | 0.0010% CHF 235.7k |
2.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: NOKIA's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/03 07:23 |
| End of Day Share Price | 2024/08/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nokia Oyj is covered by 93 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Jean-Michel Salvador | AlphaValue |
| Richard Kramer | Arete Research Services LLP |