Nokia Oyj Management
Management criteria checks 3/4
Nokia Oyj's CEO is Pekka Lundmark, appointed in Aug 2020, has a tenure of 4.33 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 €6.74M. The average tenure of the management team and the board of directors is 4.3 years and 2.7 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 | 4.3yrs |
| Board average tenure | 2.7yrs |
Recent management updates
Recent updates
Nokia Oyj (HEL:NOKIA) Is Due To Pay A Dividend Of €0.03
Dec 17
Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03
Dec 03Returns At Nokia Oyj (HEL:NOKIA) Are On The Way Up
Dec 02Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.03
Nov 18Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03
Nov 02Some May Be Optimistic About Nokia Oyj's (HEL:NOKIA) Earnings
Oct 24Nokia Oyj Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next
Oct 20Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03
Oct 18Is Nokia Oyj (HEL:NOKIA) Trading At A 46% Discount?
Sep 22CEO 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 ($USD3.91M) is about average for companies of similar size in the Finnish market ($USD3.29M).
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% € 6.7m | |
| Chief Financial Officer | 4.3yrs | no data | 0.0060% € 1.4m | |
| Vice President of Corporate Controlling & Accounting | no data | no data | no data | |
| Chief Strategy & Technology Officer | 3.9yrs | no data | 0.0062% € 1.4m | |
| Head of Investor Relations | 3.6yrs | no data | no data | |
| Chief Legal Officer | 2.2yrs | no data | 0.00068% € 157.4k | |
| 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 | 10.7yrs | no data | no data | |
| President of Network Infrastructure | 8.9yrs | no data | 0.0089% € 2.1m | |
| Head of Middle East & Africa | 8.7yrs | no data | no data |
4.3yrs
Average Tenure
51yo
Average Age
Experienced Management: NOKIA's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.7yrs | €230.00k | 0.00089% € 206.0k | |
| Independent Director | 2.7yrs | €217.00k | 0.0011% € 254.7k | |
| Independent Chair of the Board | 6.6yrs | €475.00k | 0.0064% € 1.5m | |
| Independent Director | 1.7yrs | €220.00k | 0.00084% € 194.5k | |
| Independent Director | 2.7yrs | €215.00k | 0.0011% € 252.3k | |
| Independent Vice Chairman of the Board | 5.6yrs | €239.00k | 0.0021% € 490.8k | |
| Independent Non-Executive Director | 8.5yrs | €229.00k | 0.0030% € 687.6k | |
| Director | less than a year | no data | no data | |
| Independent Director | 4.6yrs | €239.00k | 0.0027% € 620.4k | |
| Independent Director | 2.7yrs | €209.00k | 0.0010% € 243.1k |
2.7yrs
Average Tenure
59.5yo
Average Age
Experienced Board: NOKIA's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 01:30 |
| End of Day Share Price | 2024/12/18 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Nokia Oyj is covered by 94 analysts. 23 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 |