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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 16 February 2024.

Board of Directors




Sari Baldauf (Board Chair)

290 575


Søren Skou (Board Vice Chair)

89 325


Timo Ahopelto

21 418


Elizabeth Crain


22 771

Thomas Dannenfeldt

117 597


Lisa Hook


35 626

Jeanette Horan


116 476

Thomas Saueressig 

34 705


Carla Smits-Nusteling

135 973


Kai Öistämö

35 724


Group Leadership Team





Pekka Lundmark

President and Chief Executive Officer

1 473 060


Nishant Batra

Chief Strategy and Technology Officer

487 232


Ricky Corker

Chief Customer Experience Officer

439 354


Federico Guillén

President of Network Infrastructure

455 829


Amy Hanlon-Rodemich

Chief People Officer



Jenni Lukander

President of Nokia Technologies

102 297


Esa Niinimäki

Chief Legal Officer

44 221


Raghav Sahgal

President of Cloud and Network Services

572 855


Melissa Schoeb

Chief Corporate Affairs Officer

161 814


Tommi Uitto

President of Mobile Networks

247 124


Marco Wirén

Chief Financial Officer

277 610


(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.