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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 15 February 2021.

Board of Directors




Sari Baldauf (Board Chair)

163 220


Kari Stadigh (Board Vice Chair)

308 190


Bruce Brown


165 788

Thomas Dannenfeldt

30 299


Jeanette Horan

60 630


Edward Kozel


86 698

Elizabeth Nelson


107 860

Søren Skou 

31 707


Carla Smits-Nusteling

78 708


Group Leadership Team





Pekka Lundmark

President and Chief Executive Officer

788 850


Nassib Abou-Khalil

Chief Legal Officer

89 446


Nishant Batra

Chief Strategy and Technology Officer



Ricky Corker

Chief Customer Experience Officer

272 966


Federico Guillén

President of Network Infrastructure

317 262


Jenni Lukander

President of Nokia Technologies

20 491


Raghav Sahgal

President of Cloud and Network Services

310 558


Tommi Uitto

President of Mobile Networks

62 402


Stephanie Werner-Dietz

Chief People Officer

32 062


Marco Wirén

Chief Financial Officer

78 000


(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.