Yet another India-born business leader has climbed the ranks. Finnish firm Nokia, which recently sold its mobile unit to Microsoft, has appointed Rajeev Suri as the company's new CEO and President.
Mr. Suri joined Nokia in 1995 and has held a wide range of leadership positions in the company. Since October of 2009, he has served as CEO of NSN, the former joint venture between Nokia and Siemens that is now fully owned by Nokia.
During his tenure as CEO, that business went through a radical transformation to become one of the leaders in the telecommunications infrastructure industry.
Risto Siilasmaa, who has been serving as the interim CEO, will now return to his role as Chairman of Nokia's Board.
“I am honoured to have been asked to take this role, and excited about the possibilities that lie in our future,” said Mr. Suri, in a statement. “Nokia, with its deep experience in connecting people and its three strong businesses, is well-positioned to tap new opportunities during this time of technological change. I look forward to working with the entire Nokia team as we embark on this exciting journey,” Mr. Suri added.