Nokia Oyj Management
Management criteria checks 3/4
Nokia Oyj's CEO is Pekka Lundmark, appointed in Aug 2020, has a tenure of 3.67 years. total yearly compensation is €3.74M, comprised of 35.4% salary and 64.6% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth €5.14M. The average tenure of the management team and the board of directors is 3.6 years and 2 years respectively.
Key information
Pekka Lundmark
Chief executive officer
€3.7m
Total compensation
| CEO salary percentage | 35.4% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.03% |
| Management average tenure | 3.6yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Apr 26
Earnings Beat: Nokia Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Apr 22Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.0325
Apr 12Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 29We think Nokia Oyj's (HEL:NOKIA) CEO May Struggle To See Much Of A Pay Rise This Year
Mar 28Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 15Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 26Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 12We Think You Can Look Beyond Nokia Oyj's (HEL:NOKIA) Lackluster Earnings
Feb 02Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.03
Jan 28Is Nokia Oyj (HEL:NOKIA) Trading At A 49% Discount?
Jan 21The Market Doesn't Like What It Sees From Nokia Oyj's (HEL:NOKIA) Earnings Yet
Jan 02Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly
Dec 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | €814m |
| 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 ($USD4.01M) is about average for companies of similar size in the Finnish market ($USD3.33M).
Compensation vs Earnings: Pekka's compensation has been consistent with company performance over the past year.
CEO
Pekka Lundmark (60 yo)
3.7yrs
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 | 3.7yrs | €3.74m | 0.027% € 5.1m | |
| Chief Financial Officer | 3.6yrs | no data | 0.0053% € 995.5k | |
| Vice President of Corporate Controlling & Accounting | no data | no data | no data | |
| Chief Strategy & Technology Officer | 3.3yrs | no data | 0.0091% € 1.7m | |
| Head of Investor Relations | 2.9yrs | no data | no data | |
| Chief Legal Officer | 1.5yrs | no data | 0.00061% € 114.1k | |
| Communications Manager | no data | no data | no data | |
| VP of Labor & Employment and Interim Chief People Officer | less than a year | no data | no data | |
| Executive Officer | 4.7yrs | no data | no data | |
| Head of Nordic&Baltic | 10yrs | no data | no data | |
| Chief Customer Experience Officer | 8.4yrs | no data | 0.0055% € 1.0m | |
| President of Network Infrastructure | 8.3yrs | no data | 0.0085% € 1.6m |
3.6yrs
Average Tenure
56yo
Average Age
Experienced Management: NOKIA's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | less than a year | €230.00k | 0.00087% € 162.8k | |
| Independent Director | 2yrs | €217.00k | 0.0011% € 202.1k | |
| Independent Chair of the Board | 5.9yrs | €475.00k | 0.0062% € 1.2m | |
| Independent Director | less than a year | €220.00k | 0.00082% € 153.4k | |
| Independent Director | 2yrs | €215.00k | 0.0011% € 200.2k | |
| Independent Vice Chairman of the Board | 4.9yrs | €239.00k | 0.0021% € 387.3k | |
| Independent Non-Executive Director | 7.8yrs | €229.00k | 0.0029% € 542.6k | |
| Director | no data | no data | no data | |
| Independent Director | 3.9yrs | €239.00k | 0.0026% € 490.2k | |
| Independent Director | 2yrs | €209.00k | 0.0010% € 192.7k |
2.0yrs
Average Tenure
58.5yo
Average Age
Experienced Board: NOKIA's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.