Helsinki: Nokia, which is set to close the sale of its phone business to Microsoft, will name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.
Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders.
Rajeev Suri, born in India, has been widely considered as the leading candidate for the CEO post. He has also helped the network division Nokia Solutions and Networks (NSN) turn profitable with a drastic restructuring plan and by ditching unprofitable businesses.
Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September. Nokia also stated that it expected the deal to close on Friday after the companies had agreed to modify certain deal conditions.
