Pekka Lundmark (born 9 December 1963) is a Finnish business executive, and the

President President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

and CEO of

Nokia Nokia Corporation (natively Nokia Oyj, referred to as Nokia) is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporatio ...

. Previously, he was CEO of

Fortum Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. In addition to Finland, it focuses on Germany and other countries in Central Europe, Great Britain, Russia and the Nordic region. Fortum operates power plants, inc ...

, a Finnish state-owned energy company, from 2015 to July 2020.

Early life and education

Lundmark was born on 9 December 1963 in

Espoo Espoo (, ; sv, Esbo) is a city and municipality in the region of Uusimaa in the Republic of Finland. It is located on the northern shore of the Gulf of Finland, bordering the cities of Helsinki, Vantaa, Kirkkonummi, Vihti and Nurmijärvi ...

, Finland. He graduated from the

Helsinki University of Technology Helsinki University of Technology (TKK; fi, Teknillinen korkeakoulu; sv, Tekniska högskolan) was a technical university in Finland. It was located in Otaniemi, Espoo in the metropolitan area of Greater Helsinki. The university was founded in ...

with a master's degree in

applied physics Applied physics is the application of physics to solve scientific or engineering problems. It is usually considered to be a bridge or a connection between physics and engineering. "Applied" is distinguished from "pure" by a subtle combination ...

in 1988.

Career

Lundmark began his career with Nokia in 1990, where he held various executive positions. He left Nokia in 2000, and joined Startupfactory Oy as a managing partner from 2000 to 2002, followed by a stint as President and CEO of

Hackman Hackman was a cutlery and cookware company founded in Finland in 1790. The Hackman brand is now owned by Iittala Group, which was acquired by Fiskars Corporation in 2007. In a 2008 survey which included both Finnish and international brands, it ...

, a Finnish cutlery and cookware company, from 2002 to 2004. Lundmark then joined

Konecranes Konecranes Oyj (KCI Konecranes prior to 16 March 2007) is a Finnish company, headquartered in Hyvinkää, which specialises in the manufacture and service of cranes and lifting equipment as well as the service of machine tools. The firm produces ...

, a Finnish company specialising in lifting equipment, as the Group Executive Vice President in 2004, and became the President and CEO of the company in 2005, serving until 2015, when he joined Fortum as the President and CEO. On 2 March 2020, Nokia’s board of directors announced that Lundmark would be the new President and Chief Executive Officer of Nokia. Lundmark was expected to leave Fortum on August 31, 2020, and join Nokia on 1 September 2020. He succeeded

Rajeev Suri Rajeev Suri (born 10 October 1967) is an Indian born, Singaporean business executive. He has been the CEO of Inmarsat since February 2021, and was previously the CEO of Nokia until 31 July 2020. Before being appointed Nokia's CEO in May 2014, ...

, who had served as President and CEO of Nokia since 2014. Suri will remain as an adviser on the board for the first year after stepping down. Nokia praised Lundmark's record at Fortum, saying that he had "consistently delivered robust total shareholder returns, successfully renewed the company's strategy, and positioned it to be a strong player in the transforming global energy sector." In June, it was announced that Lundmark would join Nokia on 1 August 2020, one month earlier than planned. The announcement came after Fortum said its

Chief Financial Officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

, Markus Rauramo, would be taking over as Fortum’s CEO from 1 July. Lundmark has served on the boards of various industry organizations in Finland, including as Chairman of the Board of Finland’s Technology Industry Association ('' fi, '') in 2011. Most recently, he served as the 2019 and 2020 Chairman of the Board of the

Confederation of Finnish Industries The Confederation of Finnish Industries (EK, fi, Elinkeinoelämän Keskusliitto, sv, Finlands Näringsliv) is the largest employers' association in Finland. It was formed at the beginning of 2005 when the two employers' associations ''Palvelutyö ...

(EK;

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

: ''Elinkeinoelämän Keskusliitto;''

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

: ''Finlands Näringsliv''), the largest

employers' organization An employers' organization or employers' association is a collective organization of manufacturers, retailers, or other employers of wage labor. Employers' organizations seek to coordinate the behavior of their member companies in matters of mutual ...

in Finland. During his tenure at EK, he prioritized partnering with the EU to find solutions to curb climate change and increasing the employment rate.

Other activities

European Round Table of Industrialists The European Round Table of Industrialists, abbreviated ERT, is an advocacy group in the European Union consisting of some 50 European industrial leaders working to strengthen competitiveness in Europe. The group works at both national and European ...

(ERT), MemberMembers

Personal life

Lundmark is married, and has three children.

References

{{DEFAULTSORT:Lundmark, Pekka 1963 births Living people Finnish chief executives Nokia people Chief operating officers