Nokia to name Rajeev Suri as next CEO on Tuesday - report

HELSINKI Fri Apr 25, 2014 11:38am IST

Nokia's Lumia smartphones are seen in a Helsinki mobile phone store January 21, 2014. REUTERS/Antti Aimo-Koivisto/Lehtikuva/Files

Nokia's Lumia smartphones are seen in a Helsinki mobile phone store January 21, 2014.

Credit: Reuters/Antti Aimo-Koivisto/Lehtikuva/Files

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HELSINKI (Reuters) - Nokia, which is set to close the sale of its phone business to Microsoft, will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.

Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders.

Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September.

Nokia said earlier this week it expected the deal to close on Friday after the companies had agreed to modify certain deal conditions.

46-year-old Suri, born in India, has been widely considered the leading candidate for the CEO post as in recent years he has helped the network division Nokia Solutions and Networks (NSN) turn profitable with a drastic restructuring plan and by ditching unprofitable businesses.

The newspaper also said Nokia would over time abandon the name NSN.

Nokia was not immediately available for comment.

($1 = 0.7236 euros)

(Reporting by Jussi Rosendahl)

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