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Nokia Corporation
Launch of the Stock Market
May 5, 2020 at 8:00 AM (CET +1)
Raghav Sahgal appointed President, Nokia Enterprise and member of the Nokia Group Leadership Team as Kathrin Buvac prepares to leave Nokia to seek a new opportunity
- Strong succession designed to maintain momentum in fast-growing corporate business
- Buvac will retire from the Nokia Group Leadership Team on May 31, and Sahgal will join on June 1.
Espoo, Finland – Nokia announced today that Kathrin Buvac, president of Nokia Enterprise, decided to leave the company in late May to take a leadership position in a global technology company. At that time, she will also leave her position on the company’s Group Leadership Team. Buvac will be succeeded by Raghav Sahgal, currently Senior Vice President of Nokia Software with responsibility for global sales and market services. Sahgal will formally take up his new role and join the Group Leadership Team on June 1, 2020.
“Nokia’s commitment to our rapidly growing business business remains strong, and I am pleased that we have an excellent leader in Raghav Sahgal, who is ready to take over as President, Nokia Enterprise,” said Nokia President and CEO Rajeev Suri. “Raghav has a proven track record of success in his current role at Nokia Software. I hope you will join the group’s leadership team and take advantage of the strong momentum and rapid growth that we have in the business segment. ”
Sahgal joined Nokia in April 2017 from NICE Systems, where he served as president of the Asia Pacific and Middle East regions. Prior to NICE, Raghav held various executive and senior leadership positions at Oracle, Comverse, CSG, Kenan, and Lucent. Sahgal has a Bachelor of Science and Engineering in Computer Engineering from Tulane University and a Master of Science from the University of Maryland, USA. USA He also attended the General Management Program at Harvard Business School.
“Kathrin has been with Siemens, Nokia Siemens Networks and then Nokia for about 20 years, and I understand and support her desire to take on a new challenge,” said Suri. “Kathrin has held key leadership positions at Nokia, including the Chief Strategy Officer, and has been at the center of many of our transformative changes, including the change of Nokia Siemens Networks and the acquisition of Alcatel-Lucent. In her most recent role as President of Nokia Enterprise, she led Nokia’s entry into a new customer segment focused on enterprise networking and industrial automation, delivering profitable double-digit growth. “
For the full year 2019, the Nokia Enterprise had revenues of € 1.4 billion, an increase of 18% in constant currency since 2018. Customers include Société du Grand Paris, Deutsche Bahn, SBB, Elektro, Florida Power & Light, UPMC, Lufthansa Technik, BMW, some of the world’s largest web-scale companies, and many others.
Additional information on all current GLT members can be found at https://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team.
About Nokia
We create technology to connect the world. Only Nokia offers a complete portfolio of network equipment, software, services and licensing opportunities worldwide. With our commitment to innovation, powered by award-winning Nokia Bell Labs, we are leaders in the development and deployment of 5G networks.
Our communications service provider customers support over 6.4 billion subscriptions with our radio networks, and our business customers have deployed more than 1,300 industrial networks worldwide. By complying with the highest ethical standards, we transform the way people live, work and communicate. For our latest updates, visit us online at www.nokia.com and follow us on Twitter @nokia.
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