Nokia 2006 Annual Report Download - page 81

Corporation 19911992. Holder of various other executive
positions in Finnish industry 19721991.
Chairman of the Board of Directors of UPMKymmene
Corporation.
Edouard Michelin was reelected as a Nokia Board member in the Annual General Meeting on
March 30, 2006. Due to his accidental death, Nokia announced on May 29, 2006 that the Board of
Directors consisted of the abovementioned nine members.
Proposal of the Corporate Governance and Nomination Committee of the Board
On March 5, 2007, the Corporate Governance and Nomination Committee announced its proposal to
the Annual General Meeting convening on May 3, 2007 regarding the election of the members of the
Board of Directors. The Corporate Governance and Nomination Committee will propose to the Annual
General Meeting that the number of Board members be 11 and that the following persons be
reelected for a term until the close of the Annual General Meeting in 2008: Georg Ehrnrooth, Daniel
R. Hesse, Dr. Bengt Holmstr¨om, Per Karlsson, Jorma Ollila, Dame Marjorie Scardino, Keijo Suila and
Vesa Vainio. Moreover, the Committee will propose that Lalita D. Gupte, Prof. Dr. Henning Kagermann,
and OlliPekka Kallasvuo be elected as new members of the Nokia Board for the term from the
Annual General Meeting in 2007 until the close of the Annual General Meeting in 2008. Ms. Gupte is
former Joint Managing Director of ICICI Bank Limited, the secondlargest bank in India, and currently
nonexecutive Chairman of the ICICI Venture Funds Management Co Ltd. She is also a member of the
Board of Directors of Bharat Forge Ltd, Firstsource Solutions Ltd and Kirloskar Brothers Ltd.
Dr. Kagermann is CEO and Chairman of the Executive Board of SAP AG, the world’s leading provider of
business software, headquartered in Germany. He is also a member of the Supervisory Board of
Deutsche Bank AG and M¨unchener R¨uckversicherungsGesellschaft AG (Munich Re). Mr. Kallasvuo is
President and CEO of Nokia Corporation, and he is also a member of the Board of Directors of EMC
Corporation.
Group Executive Board
According to our articles of association, we have a Group Executive Board, which is responsible for
the operative management of the Group. The Chairman and members of the Group Executive Board
are appointed by the Board of Directors. Only the Chairman of the Group Executive Board can be a
member of both the Board of Directors and the Group Executive Board.
The Group Executive Board was chaired by Jorma Ollila, Chairman and CEO, until June 1, 2006, when
he was released from his duties as the CEO and Chairman of the Group Executive Board. As from
June 1, 2006, the Group Executive Board has been chaired by OlliPekka Kallasvuo, President and CEO.
Niklas Savander, Executive Vice President, Technology Platforms, was appointed a member of the
Group Executive Board effective April 1, 2006, and Pertti Korhonen, Chief Technology Officer and
Executive Vice President, Technology Platforms, resigned from the Group Executive Board as of the
same date.
The current members of our Group Executive Board are set forth below.
Chairman OlliPekka Kallasvuo,
b. 1953
President and CEO of Nokia Corporation.
Group Executive Board member since 1990. Group Executive
Board Chairman since 2006.
With Nokia 198081, rejoined 1982.
LL.M. (University of Helsinki).
President and COO of Nokia Corporation 20052006, Executive
Vice President and General Manager of Mobile Phones 2004
2005, Executive Vice President, CFO of Nokia 19992003,
Executive Vice President of Nokia Americas and President of
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