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 29 April 2025.

Board of Directors

Name

Shares⁽¹⁾

ADSs⁽¹⁾

Sari Baldauf (Board Chair)

343 568

Timo Ihamuotila (Board Vice Chair)

Timo Ahopelto

45 350

Elizabeth Crain

47 843

Thomas Dannenfeldt

144 948

Pernille Erenbjerg

Lisa Hook

59 558

Mike McNamara

23 932

Thomas Saueressig

56 928

Kai Öistämö

59 086

Group Leadership Team

Name

Position

Shares⁽¹⁾

ADSs⁽¹⁾

Justin Hotard

President and Chief Executive Officer

Nishant Batra

Chief Strategy and Technology Officer

416 286

Louise Fisk

Chief Communications Officer

51 389

Lorna Gibb

Chief People Officer

28 385

Federico Guillén

President of Network Infrastructure

530 498

Patrik Hammarén

President of Nokia Technologies

32 048

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

710 058

Tommi Uitto

President of Mobile Networks

312 984

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.