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 $6.57M. The average tenure of the management team and the board of directors is 4.2 years and 2.6 years respectively.
Key information
Pekka Lundmark
Chief executive officer
€3.7m
Total compensation
| CEO salary percentage | 35.4% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.2yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
Nokia: My Take On A Potential Upside For The Company
Nov 20Nokia Earnings Preview: Too Early To Bet On A Recovery
Oct 16Nokia: Q2 Earnings Show Us It's Going To Take A Lot Of Patience
Aug 145 Considerations Ahead Of Nokia's Q2 2024 Earnings
Jul 13Nokia Hopes To Turn Around With AI And 5G Partnerships
Jun 23Nokia Earnings: 2024 May Still Not Be The Year Of Change, But Looking Promising
Apr 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | €914m |
| Jun 30 2024 | n/a | n/a | €912m |
| Mar 31 2024 | n/a | n/a | €834m |
| Dec 31 2023 | €4m | €1m | €660m |
| Sep 30 2023 | n/a | n/a | €4b |
| Jun 30 2023 | n/a | n/a | €4b |
| Mar 31 2023 | n/a | n/a | €4b |
| Dec 31 2022 | €9m | €1m | €4b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €2b |
| Mar 31 2022 | n/a | n/a | €2b |
| Dec 31 2021 | €9m | €1m | €2b |
| Sep 30 2021 | n/a | n/a | -€2b |
| Jun 30 2021 | n/a | n/a | -€2b |
| Mar 31 2021 | n/a | n/a | -€2b |
| Dec 31 2020 | €3m | €542k | -€3b |
Compensation vs Market: Pekka's total compensation ($USD3.89M) is below average for companies of similar size in the US market ($USD12.66M).
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% $ 6.6m | |
| Chief Financial Officer | 4.2yrs | no data | 0.0059% $ 1.3m | |
| Vice President of Corporate Controlling & Accounting | no data | no data | no data | |
| Chief Strategy & Technology Officer | 3.8yrs | no data | 0.0062% $ 1.4m | |
| Head of Investor Relations | 3.5yrs | no data | no data | |
| Chief Legal Officer | 2.1yrs | no data | 0.00068% $ 153.5k | |
| 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 | 0.0089% $ 2.0m | |
| Head of Middle East & Africa | 8.6yrs | no data | no data |
4.2yrs
Average Tenure
51yo
Average Age
Experienced Management: NOK'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% $ 198.6k | |
| Independent Director | 2.6yrs | €217.00k | 0.0011% $ 248.3k | |
| Independent Chair of the Board | 6.5yrs | €475.00k | 0.0063% $ 1.4m | |
| Independent Director | 1.6yrs | €220.00k | 0.00084% $ 189.6k | |
| Independent Director | 2.6yrs | €215.00k | 0.0011% $ 246.0k | |
| Independent Vice Chairman of the Board | 5.5yrs | €239.00k | 0.0021% $ 478.5k | |
| Independent Non-Executive Director | 8.4yrs | €229.00k | 0.0030% $ 670.3k | |
| Director | less than a year | no data | no data | |
| Independent Director | 4.5yrs | €239.00k | 0.0027% $ 604.9k | |
| Independent Director | 2.6yrs | €209.00k | 0.0010% $ 237.0k |
2.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: NOK's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.