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Pekka Lundmark
Finland,Finland
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Find Pekka Lundmark's PhoneWho Is Pekka Lundmark?
Pekka Lundmark is the President and Chief Executive Officer of Nokia, a position he assumed in 2020. A seasoned leader with deep expertise in the technology and energy sectors, Lundmark is known for driving corporate transformations and focusing on long-term value creation. He holds a Master of Science degree in applied physics from the Helsinki University of Technology. His career began at Nokia in 1990, where he held various executive positions. He later served as the CEO of crane and lifting equipment manufacturer Konecranes for over a decade, and subsequently as CEO of the clean-energy company Fortum. His return to Nokia marked a pivotal moment for the company as it navigates the competitive 5G market, with Lundmark spearheading a new strategy focused on technology leadership, digitalization, and enhanced customer focus.
How Did Pekka Lundmark's Career Path Shape Their Journey?
Pekka Lundmark's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
What Are Pekka Lundmark's Key Achievements?
Spearheading Nokia's Strategic Turnaround and 5G Focus
Upon rejoining Nokia as CEO in 2020, Lundmark initiated a significant strategic reset to improve performance and competitiveness. He introduced a new operating model with clear P&L responsibility for business units, increased R&D investment to secure technology leadership in 5G and other critical areas, and refocused the company on long-term, sustainable growth.
Transforming Fortum into a Clean Energy Leader
As President and CEO of Fortum from 2015 to 2020, he led the company's strategic shift towards carbon-neutral energy. Under his leadership, Fortum became a major European energy player, notably through the strategic acquisition of a majority stake in Uniper, significantly expanding its clean energy portfolio and market presence.
Driving Global Growth and Digitalization at Konecranes
During his more than 10-year tenure as President and CEO of Konecranes, Lundmark oversaw a period of substantial international expansion and technological innovation. He was instrumental in transforming the company into a leader in smart, connected industrial equipment by championing the integration of IoT and data analytics into its core products and services.
What's Pekka Lundmark's Educational Background?
Master of Science (M.Sc.), Technical Physics, Information Systems, International Marketing
Teknillinen korkeakoulu-Tekniska högskolan - Year 1982
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Company Overview
NokiaNokia is a global leader in B2B technology innovation, specializing in telecommunications infrastructure, network equipment, and technology development and licensing. Once a dominant force in the mobile phone market, the company has successfully pivoted to focus on providing cutting-edge solutions for service providers, enterprises, and governments. Its core business segments include Mobile Networks (5G technology), Network Infrastructure, Cloud and Network Services, and Nokia Technologies, which manages a vast patent portfolio. Nokia is at the forefront of creating the technology to connect the world, driving advancements in 5G, the Internet of Things (IoT), and cloud services.
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