Editing Nokia (section)

== Corporate affairs ==

=== Business trends ===
The key trends for Nokia are (as of the financial year ending 31 December):<ref>{{Cite web |title=Nokia Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/Nokia-Aktie/FI0009000681 |access-date=2024-07-22 |website=boerse.de |language=de}}</ref><ref>{{Cite web |date=2016-01-04 |title=Nokia Key Figures 2007-2014 |url=https://www.boerse.de/fundamental-analyse/Nokia-Aktie/FI0009000681 |access-date=2024-07-22 |archive-url=https://web.archive.org/web/20160104232726/https://www.boerse.de/fundamental-analyse/Nokia-Aktie/FI0009000681 |archive-date=4 January 2016 }}</ref><ref>{{Cite web |date=2022-06-27 |title=Nokia Key Figures 2013-2020 |url=https://www.boerse.de/fundamental-analyse/Nokia-Aktie/FI0009000681 |access-date=2024-07-22 |archive-url=https://web.archive.org/web/20220627150432/https://www.boerse.de/fundamental-analyse/Nokia-Aktie/FI0009000681 |archive-date=27 June 2022 }}</ref>
{| class="wikitable" style="text-align:center"
!
!Revenue (€ bn)
!Net profit (€ bn)
!Total assets (€ bn)
!Employees
|-
|2007
|51.0
|7.2
|37.5
|112,000
|-
|2008
|50.7
|3.9
|39.5
|125,000
|-
|2009
|40.9
|0.89
|35.7
|123,000
|-
|2010
|42.4
|1.8
|39.1
|132,000
|-
|2011
|38.6
|<span style="color:red;">−1.1</span>
|36.2
|130,000
|-
|2012
|30.1
|<span style="color:red;">−3.1</span>
|29.9
|97,700
|-
|2013
|12.7
|<span style="color:red;">−0.61</span>
|25.1
|86,400
|-
|2014
|12.7
|3.4
|21.0
|57,500
|-
|2015
|12.4
|2.4
|20.9
|56,000
|-
|2016
|23.6
|<span style="color:red;">−0.76</span>
|44.9
|101,000
|-
|2017
|23.1
|<span style="color:red;">−1.4</span>
|41.0
|101,000
|-
|2018
|22.5
|<span style="color:red;">−0.34</span>
|39.5
|103,000
|-
|2019
|23.3
|0.007
|39.1
|98,300
|-
|2020
|21.8
|<span style="color:red;">−2.5</span>
|36.1
|92,000
|-
|2021
|22.2
|1.6
|40.0
|87,900
|-
|2022
|24.9
|4.2
|42.9
|86,800
|-
|2023
|22.2
|0.66
|39.8
|86,000
|}

=== Corporate governance ===
The control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Group Leadership Team (left),<ref name="Nokia Group Leadership Team">{{cite web|url=http://company.nokia.com/en/about-us/corporate-governance/nokia-group-leadership-team|title=Nokia Group Leadership Team|date=May 2015|publisher=Nokia Corporation|access-date=1 April 2015|archive-url=https://web.archive.org/web/20140501014116/http://company.nokia.com/en/about-us/corporate-governance/nokia-group-leadership-team|archive-date=1 May 2014|url-status=dead}}</ref> under the direction of the board of directors (right).<ref name="Board of Directors">{{cite web|url=https://www.nokia.com/about-us/investors/corporate-governance/board-of-directors/meet-the-board/|title=Meet the Board|year=2015|publisher=Nokia Corporation|access-date=29 May 2020}}</ref> The chairman and the rest of the Nokia Leadership Team members are appointed by the board of directors. Only the chairman of the Nokia Leadership Team can belong to both the board of directors and the Nokia Group Leadership Team. The Board of Directors' committees consist of the Audit Committee,<ref>{{cite web|url=http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/audit_charter.pdf|title=Audit Committee Charter at Nokia|year=2007|publisher=Nokia Corporation|access-date=14 May 2008|url-status=dead|archive-url=https://web.archive.org/web/20080528004602/http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/audit_charter.pdf|archive-date=28 May 2008}}</ref> the Personnel Committee,<ref>{{cite web|url=http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/personnel_charter_2007.pdf|title=Personnel Committee Charter at Nokia|year=2007|publisher=Nokia Corporation|access-date=14 May 2008|url-status=dead|archive-url=https://web.archive.org/web/20080528004555/http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/personnel_charter_2007.pdf|archive-date=28 May 2008}}</ref> and the Corporate Governance and Nomination Committee.<ref>{{cite web|url=http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/CG_Charter_2008_Final_20080123.pdf|title=Corporate Governance and Nomination Committee Charter at Nokia|year=2008|publisher=Nokia Corporation|access-date=14 May 2008|url-status=dead|archive-url=https://web.archive.org/web/20080528004608/http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/CG_Charter_2008_Final_20080123.pdf|archive-date=28 May 2008}}</ref><ref>{{cite web|url=http://www.nokia.com/link?cid=EDITORIAL_4207|title=Committees of the Board|date=May 2007|publisher=Nokia Corporation|access-date=14 May 2008}}</ref>

The operations of the company are managed within the framework set by the Finnish Companies Act,<ref>{{cite web|url=http://www.lmr.fi/publications/companies_act_290906.pdf|title=New Finnish Companies Act designed to increase Finland's competitiveness|last=Virkkunen|first=Johannes|date=29 September 2006|publisher=LMR Attorneys Ltd. (Luostarinen Mettälä Räikkönen)|access-date=14 May 2008|archive-date=3 March 2012|archive-url=https://web.archive.org/web/20120303103144/http://www.lmr.fi/publications/companies_act_290906.pdf|url-status=dead}}</ref> Nokia's Articles of Association,<ref name="nokia_articles_of_association">{{cite web|url=http://company.nokia.com/sites/default/files/download/nokia-articles-of-association.pdf|title=Articles of Association of Nokia Corporation|publisher=Nokia Corporation|access-date=26 June 2015|archive-url=https://web.archive.org/web/20150626214020/http://company.nokia.com/sites/default/files/download/nokia-articles-of-association.pdf|archive-date=26 June 2015|url-status=dead}}</ref> and Corporate Governance Guidelines,<ref>{{cite web|url=http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/corporate_governance_guideline_sep06.pdf|title=Corporate Governance Guidelines at Nokia|year=2006|publisher=Nokia Corporation|access-date=14 May 2008|url-status=dead|archive-url=https://web.archive.org/web/20080528004537/http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Board_charters/corporate_governance_guideline_sep06.pdf|archive-date=28 May 2008}}</ref> supplemented by the board of directors' adopted charters. On 25 November 2019, Nokia announced that it would discontinue the role of Chief Operating Officer (COO) and distribute its functions to other company leaders. As a result, Chief Operating Officer Joerg Erlemeier decided to step down, effective 1 January 2020.<ref>{{Cite web|url=https://www.nokia.com/about-us/news/releases/2019/11/25/nokia-to-discontinue-chief-operating-officer-role-current-coo-joerg-erlemeier-to-leave-company/|title=Nokia to discontinue Chief Operating Officer role; current COO Joerg Erlemeier to leave company|website=Nokia}}</ref>

==== Former corporate officers ====
{| class="wikitable" style="display:inline-table;"
|+Chief executive officers
|-
! Name
! Tenure
|-
| [[Björn Westerlund]]
| 1967–1977
|-
| [[Kari Kairamo]]
| 1977–1988
|-
| [[Simo Vuorilehto]]
| 1988–1992
|-
| [[Jorma Ollila]]
| 1992–2006
|-
| [[Olli-Pekka Kallasvuo]]
| 2006–2010
|-
| [[Stephen Elop]]
| 2010–2014
|-
| [[Rajeev Suri]]
| 2014–2020
|-
| [[Pekka Lundmark]]
| 2020–2025
|-
| [[Justin Hotard]]
| 2025–current
|}
{| class="wikitable" style="display:inline-table;"
|+Chairpersons of the board of directors<ref>{{cite web |title=Suomalaisten yritysten ylin johto |url=http://www.kolumbus.fi/taglarsson/dokumentit/yritys.htm |access-date=29 May 2020 |language=fi |archive-date=27 November 2016 |archive-url=https://web.archive.org/web/20161127085116/http://www.kolumbus.fi/taglarsson/dokumentit/yritys.htm |url-status=dead }}</ref>
|-
! Name
! Tenure
|-
| [[Lauri Kivekäs|Lauri J. Kivekäs]]
| 1967–1977
|-
| Björn Westerlund
| 1977–1979
|-
| [[Mika Tiivola]]
| 1979–1986
|-
| [[Kari Kairamo]]
| 1986–1988
|-
| [[Simo Vuorilehto]]
| 1988–1990
|-
| [[Mika Tiivola]]
| 1990–1992
|-
| [[Casimir Ehrnrooth]]
| 1992–1999
|-
| [[Jorma Ollila]]
| 1999–2012
|-
| [[Risto Siilasmaa]]
| 2012–2020
|-
| [[Sari Baldauf]]
| 2020–current
|}

=== Stock ===
Nokia is a [[Public limited company|public limited liability company]] and is the oldest company listed under the same name on the [[Nasdaq Helsinki|Helsinki Stock Exchange]], beginning in 1915.<ref name="Towards Telecommunications" /> Nokia has had a secondary listing on the [[New York Stock Exchange]] since 1994.<ref name="FAQ" /><ref name="Towards Telecommunications" /> Nokia shares were delisted from the [[London Stock Exchange]] in 2003, the [[Bourse de commerce (Paris)|Paris Stock Exchange]] in 2004, the [[Nasdaq Stockholm|Stockholm Stock Exchange]] in 2007 and the [[Frankfurt Stock Exchange]] in 2012.<ref>{{cite news|url=http://www.marketwired.com/press-release/nokia-applies-for-delisting-from-the-frankfurt-stock-exchange-helsinki-nok1v-1590801.htm|title=Nokia applies for delisting from the Frankfurt Stock Exchange|date=24 November 2011|access-date=24 November 2017|publisher=marketwired.com|archive-date=1 December 2017|archive-url=https://web.archive.org/web/20171201034402/http://www.marketwired.com/press-release/nokia-applies-for-delisting-from-the-frankfurt-stock-exchange-helsinki-nok1v-1590801.htm|url-status=dead}}</ref> Due to the acquisition of Alcatel-Lucent in 2015, Nokia listed its shares again on the Paris Stock Exchange and was included in the [[CAC 40]] index on 6 January 2016<ref>{{cite press release|url=http://globenewswire.com/news-release/2016/01/07/800138/10158973/en/Nokia-announces-settlement-of-its-public-exchange-offer-for-Alcatel-Lucent-securities-the-registration-of-new-shares-and-its-inclusion-in-the-CAC-40-index.html?f=22&fvtc=2&fvtv=1|title=Nokia announces settlement of its public exchange offer for Alcatel-Lucent securities, the registration of new shares and its inclusion in the CAC 40 index|website=Globenewswire.com|date=7 January 2016|access-date=1 June 2016}}</ref> but later removed on 18 September 2017.<ref>{{Cite news|url=https://www.reuters.com/article/euronext-index-idUSL8N1LO6AU|title=Euronext to remove Nokia from CAC 40 index, include STMicroelectronics|agency=Reuters|date=7 September 2017|work=Reuters.com}}</ref>

In 2007, Nokia had a market capitalization of €110 billion; by 17 July 2012 this had fallen to €6.28 billion, before increasing to €26.0 billion by 23 February 2015. Nokia's market cap at 2020 was 21.76 billion.

=== Corporate culture ===
Nokia's official [[Organizational culture|corporate culture]] manifesto since the 1990s is called ''The Nokia Way''.<ref>{{cite web|url=https://faculty.fuqua.duke.edu/~coleman/ibm/Nokia.pdf|title=Newsletter|website=Faculty.fuqua.duke.edu|access-date=14 March 2018|archive-date=6 December 2020|archive-url=https://web.archive.org/web/20201206011039/https://faculty.fuqua.duke.edu/~coleman/ibm/Nokia.pdf|url-status=dead}}</ref> It emphasizes the speed and flexibility of decision-making in a [[Flat organization|flat]], [[Entrepreneurial network|networked organization]].<ref name="Nokia Way">{{cite web|url=http://www.nokia.com/A4126303|title=Nokia Way and values|publisher=Nokia Corporation|access-date=14 May 2008|url-status=dead|archive-url=https://web.archive.org/web/20080513163145/http://www.nokia.com/A4126303|archive-date=13 May 2008}}</ref>

The official business language of Nokia is English. All documentation is written in English, and is used in official intra-company communication.

In 1992, Nokia adopted values that were defined with the key words ''respect'', ''achievement'', ''renewal'' and ''challenge''.<ref>{{cite web|url=https://dominiescommunicate.wordpress.com/2014/09/25/new-old-nokia-values/|title=New Old Nokia Values|date=25 September 2014}}</ref> In May 2007, the company redefined its values after initiating a series of discussion across its worldwide branches regarding what the new values of the company should be. Based on the employee suggestions, the new values were defined as: ''Engaging You'', ''Achieving Together'', ''Passion for Innovation'' and ''Very Human''.<ref name="Nokia Way" /> In August 2014, Nokia redefined its values again after the sale of its Devices business, using the original 1992 values again.

=== Headquarters ===
[[File:Nokian pääkonttori Keilaniemessä.jpg|thumb|The former Nokia House, Nokia's head office until April 2014. The building is located by the [[Gulf of Finland]] in [[Keilaniemi]], [[Espoo]], and was constructed between 1995 and 1997. It was the workplace of more than 1,000 Nokia employees<ref name="Towards Telecommunications">{{cite web|url=http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Broschures/TowardsTelecomms.pdf|title=Nokia&nbsp;– Towards Telecommunications|date=August 2000|publisher=Nokia Corporation|access-date=5 June 2008|url-status=dead|archive-url=https://web.archive.org/web/20090710011202/http://www.nokia.com/NOKIA_COM_1/About_Nokia/Sidebars_new_concept/Broschures/TowardsTelecomms.pdf|archive-date=10 July 2009}}</ref>]]

Nokia are based at Karaportti in [[Espoo]], Finland, just outside capital [[Helsinki]]. It has been their [[corporate headquarters|head office]] since 2014 after moving from the purpose-built [[Tieto Keilalahti Campus|Nokia House]] in Espoo as part of the sale of the mobile phone business to Microsoft.<ref>{{cite web|url=http://unleashthephones.com/2014/04/26/nokia-house-now-has-microsoft-branding/|title=Nokia House now has Microsoft Branding|publisher=UnleashThePhones|archive-url=https://web.archive.org/web/20140525022038/http://tech.infaround.com/2012/12/04/official-nokia-to-sell-and-lease-back-of-nokia-house|archive-date=25 May 2014}}</ref> The building in Karaportti was previously the headquarters of NSN (now Nokia Networks).<ref>{{cite web|url=http://company.nokia.com/en/contact|title=Contact|publisher=Nokia|access-date=18 March 2015|archive-url=https://web.archive.org/web/20150325211543/http://company.nokia.com/en/contact|archive-date=25 March 2015|url-status=dead}}</ref>