How will Nokia's CEO change affect HMD Global and Nokia phones?

SirFaceFone

Pekka Lundmark (replacing Rajeev Suri) is officially the new CEO of Nokia Corporation starting today

https://www.nokia.com/about-us/news/releases/2020/06/24/pekka-lundmark-to-start-as-president-and-ceo-of-nokia-on-august-1-2020/

https://www.cnbc.com/2020/07/31/nokia-second-quarter-2020.html

https://www.wionews.com/business-economy/can-nokias-new-ceo-pekka-lundmark-beat-huawei-ericsson-in-5g-race-312373

How do you think this will affect Nokia's relationship with its licensees for consumer products, most especially with HMD Global? 🤔

singhnsk

I don't think Pekka can make any changes or gain more control over HMD. It will all be governed by the terms in the existing licensing agreement. So, unless a special provision of control was kept there, things will continue the same way at least until the license nears its renewal a few years later.

But yes, his strategy towards licensing or not licensing the brand to more companies can differ. But maybe he won't interfere much. Any kind of incoming revenue without doing much will be an income for them anyways. Let it come xD

SirFaceFone

https://community.phones.nokia.com/discussion/comment/173006#Comment_173006

Good point. I guess we'll have to wait and see for now