Nokia
Nokia appoints Sean Fernback to head HERE and as member of the Nokia Group Leadership Team

Nokia 

23.10.2014 08:00

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Nokia Corporation
Stock exchange release
October 23, 2014 at 09:00 (CET +1)


Espoo, Finland - Nokia today announced the appointment of Sean Fernback as
President of HERE, Nokia's mapping and location intelligence business, and as a
member of the Group Leadership team, with effect from November 1, 2014. Sean
Fernback, who has been serving as Senior Vice President at HERE, is a trained
engineer and a well-recognized technology expert with deep experience in the
location, automotive, consumer and telecommunication businesses gained across a
25 year career. 

Sean Fernback joined Nokia in early 2014 from TomTom, where he was a Senior
Vice President of Engineering & Product Development and a member of the
management team. At TomTom, he was responsible for overall consumer map
production and distribution for the consumer market, hardware development,
manufacturing and software engineering. Prior to joining TomTom in 2006, Sean
served as chief technology officer of both TV Compass and Boardbug; chief
information officer of Pogo, and other entrepreneurial positions. 

'Location intelligence is becoming more important for businesses everywhere and
we look forward to further unlocking the potential of that business,' said
Rajeev Suri, President and Chief Executive Officer of Nokia. 'I believe that
Sean has the insight and skills to lead and inspire the HERE team as it moves
towards its goals.' 

'I am very excited about this role because I truly believe this company can do
some great things in the coming years,' said Sean Fernback, incoming President
of HERE. 'Our maps and location cloud will be critical enablers for automated
driving as well as new location experiences for enterprises and consumers. I am
pleased to be leading the team that makes it happen.' 

A photo of Sean Fernback can be downloaded at:
http://company.nokia.com/en/news/media-library/image-gallery/nokia-group-leaders
hip-team 



FORWARD-LOOKING STATEMENTS

It should be noted that Nokia and its businesses are exposed to various risks
and uncertainties and certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) expectations, plans or benefits related to Nokia's strategies; B)
expectations, plans or benefits related to future performance of Nokia's
businesses Nokia Networks, HERE and Nokia Technologies; C) expectations, plans
or benefits related to changes in leadership and operational structure; D)
expectations regarding market developments, general economic conditions and
structural changes; E) expectations and targets regarding performance,
including those related to market share, prices, net sales and margins; F)
timing of the deliveries of our products and services; G) expectations and
targets regarding our financial performance, cost savings and competitiveness,
as well as results of operations; H) expectations and targets regarding
collaboration and partnering arrangements; I) outcome of pending and threatened
litigation, arbitration, disputes, regulatory proceedings or investigations by
authorities; J) expectations regarding restructurings, investments, uses of
proceeds from transactions, acquisitions and divestments and our ability to
achieve the financial and operational targets set in connection with any such
restructurings, investments, divestments and acquisitions, including any
expectations, plans or benefits related to or caused by the transaction where
Nokia sold substantially all of the Devices & Services business to Microsoft on
April 25, 2014 ('Sale of the D&S Business'); K) statements preceded by or
including 'believe', 'expect', 'anticipate', 'foresee', 'sees', 'target',
'estimate', 'designed', 'aim', 'plans', 'intends', 'focus', 'continue',
'project', 'should', 'will' or similar expressions. These statements are based
on the management's best assumptions and beliefs in light of the information
currently available to it. Because they involve risks and uncertainties, actual
results may differ materially from the results that we currently expect.
Factors, including risks and uncertainties that could cause such differences
include, but are not limited to: 1) our ability to execute our strategies
successfully and in a timely manner, and our ability to successfully adjust our
operations; 2) our ability to sustain or improve the operational and financial
performance of our businesses and correctly identify business opportunities or
successfully pursue new business opportunities; 3) our ability to execute Nokia
Networks' strategy and effectively, profitably and timely adapt its business
and operations to the increasingly diverse needs of its customers and
technological developments; 4) our ability within our Nokia Networks business
to effectively and profitably invest in and timely introduce new competitive
high-quality products, services, upgrades and technologies; 5) our ability to
invent new relevant technologies, products and services, to develop and
maintain our intellectual property portfolio and to maintain the existing
sources of intellectual property related revenue and establish new such
sources; 6) our ability to protect numerous patented standardized or
proprietary technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 7) our ability within
our HERE business to maintain current sources of revenue, historically derived
mainly from the automotive industry, create new sources of revenue, for
instance in the enterprise business, successfully recognize and pursue growth
opportunities and extend the reach of our location services; 8) our dependence
on the development of the mobile and communications industry in numerous
diverse markets, as well as on general economic conditions globally and
regionally; 9) Nokia Networks' dependence on a limited number of customers and
large, multi-year contracts; 10) our ability to retain, motivate, develop and
recruit appropriately skilled employees; 11) the potential complex tax issues
and obligations we may face, including the obligation to pay additional taxes
in various jurisdictions and our actual or anticipated performance, among other
factors, could result in allowances related to deferred tax assets; 12) our
ability to manage our manufacturing, service creation and delivery, and
logistics efficiently and without interruption, especially if the limited
number of suppliers we depend on fail to deliver sufficient quantities of fully
functional products and components or deliver timely services; 13) any
inefficiency, malfunction or disruption of a system or network that our
operations rely on or any impact of a possible cybersecurity breach; 14) our
ability to reach targeted results or improvements by managing and improving our
financial performance, cost savings and competitiveness; 15) management of
Nokia Networks' customer financing exposure; 16) the performance of the parties
we partner and collaborate with, as well as financial counterparties, and our
ability to achieve successful collaboration or partnering arrangements; 17) our
ability to protect the technologies, which we develop, license, use or intend
to use, from claims that we have infringed third parties' intellectual property
rights, as well as, impact of possible licensing costs, restriction on our
usage of certain technologies, and litigation related to intellectual property
rights; 18) the impact of regulatory, political or other developments,
including those caused by the impact of trade sanctions, natural disasters or
disease outbreaks on our operations and sales in those various countries or
regions where we conduct business; 19) exchange rate fluctuations, particularly
between the euro, which is our reporting currency, and the US dollar, the
Japanese yen and the Chinese yuan, as well as certain other currencies; 20)
effects of impairments or charges to carrying values of assets, including
goodwill, or liabilities; 21) our ability to successfully implement planned
transactions, such as acquisitions, divestments, mergers or joint ventures,
manage unexpected liabilities related thereto and achieve the targeted
benefits; 22) the impact of unfavorable outcome of litigation, arbitration,
contract related disputes or allegations of health hazards associated with our
business; 23) potential exposure to contingent liabilities due to the Sale of
the D&S Business and possibility that the agreements we have entered into with
Microsoft may have terms that prove to be unfavorable for us, as well as the
risk factors specified on pages 12-35 of Nokia's annual report on Form 20-F for
the year ended December 31, 2013 under Item 3D. 'Risk Factors.' Other unknown
or unpredictable factors or underlying assumptions subsequently proven to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation to publicly
update or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally required. 


About Nokia
Nokia invests in technologies important in a world where billions of devices
are connected. We are focused on three businesses: network infrastructure
software, hardware and services, which we offer through Nokia Networks;
location intelligence, which we provide through HERE; and advanced technology
development and licensing, which we pursue through Nokia Technologies. Each of
these businesses is a leader in its respective field. http://company.nokia.com 

Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com
News Source: NASDAQ OMX



23.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Nokia
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009000681
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------