Exit of Nokia’s Dealmaking Chairman Stirs Talk of Strategy Shift
- Company veteran Baldauf to replace Risto Siilasmaa in April
- Shares have lost more than a third of their value this year
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Nokia Oyj said Chairman Risto Siilasmaa will step down after eight years in the role, stirring speculation about deeper potential changes at the network equipment maker.
Siilasmaa is the second high-profile figure to leave the Finnish company since an October profit warning. He will be replaced in April 2020 by Sari Baldauf, a former head of its networks division, Nokia said in a statement.