Management shareholding

Share ownership of the Board of Directors and the Nokia Group Leadership Team

The following tables set forth the number of shares and ADSs held by the members of the Board, the President and CEO and the other members of the Group Leadership Team as of 20 May 2025.

Board of Directors

Name

Shares⁽¹⁾

ADSs⁽¹⁾

Sari Baldauf (Board Chair)

385 046

Timo Ihamuotila (Board Vice Chair)

119 624

Timo Ahopelto

64 082

Elizabeth Crain

67 467

Thomas Dannenfeldt

166 802

Pernille Erenbjerg

17 840

Lisa Hook

78 290

Mike McNamara

42 664

Thomas Saueressig

74 322

Kai Öistämö

78 264

Group Leadership Team

Name

Position

Shares⁽¹⁾

ADSs⁽¹⁾

Justin Hotard

President and Chief Executive Officer

Nishant Batra

Chief Strategy and Technology Officer

417 687

Louise Fisk

Chief Communications Officer

51 624

Lorna Gibb

Chief People Officer

28 545

Federico Guillén

President of Network Infrastructure

532 884

Patrik Hammarén

President of Nokia Technologies

32 052

Mikko Hautala

Chief Geopolitical and Government Relations Officer

2 800

Esa Niinimäki

Chief Legal Officer

79 281

Raghav Sahgal

President of Cloud and Network Services

713 873

Tommi Uitto

President of Mobile Networks

312 989

Marco Wirén

Chief Financial Officer

358 170

(1) The number of shares or ADSs includes shares received as executive compensation as well as shares and ADSs acquired through other means. Stock options or other equity awards that are deemed as being beneficially owned under the applicable SEC rules are not included.