Nokia 2007 Annual Report Download - page 92
Download and view the complete annual report
Please find page 92 of the 2007 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Chairman of the Executive Board and CEO of Union Bank of
Finland 19921995 and Merita Bank Ltd and CEO of Merita Ltd
19951997. President of Kymmene Corporation 19911992.
Holder of various other executive positions in Finnish industry
19721991.
Chairman of the Board of Directors of UPMKymmene Corpora
tion until March 26, 2008.
Daniel R. Hesse was reelected as a Nokia Board member in the Annual General Meeting on May 3,
2007. Due to his resignation from the Board of Directors after being appointed as President and CEO
of Sprint Nextel Corporation, Nokia announced on December 28, 2007 that its Board consisted of the
abovementioned ten members.
Proposal of the Corporate Governance and Nomination Committee of the Board
On January 24, 2008, the Corporate Governance and Nomination Committee announced its proposal to
the Annual General Meeting convening on May 8, 2008 regarding the composition of the members of
the Board of Directors for a oneyear term ending at the next Annual General Meeting. The Corporate
Governance and Nomination Committee will propose to the Annual General Meeting that the number
of Board members be ten and that the following persons be reelected for a oneyear term until the
close of the Annual General Meeting in 2009: Georg Ehrnrooth, Lalita D. Gupte, Dr. Bengt Holmstro
¨m,
Dr. Henning Kagermann, OlliPekka Kallasvuo, Per Karlsson, Jorma Ollila, Dame Marjorie Scardino and
Keijo Suila. Vesa Vainio, member of the Board since 1993, will not stand for reelection to the Board
of Directors. Moreover, the Committee will propose that Risto Siilasmaa would be elected as a new
member of the Board for the term from the Annual General Meeting in 2008 until the close of the
Annual General Meeting in 2009. Mr. Siilasmaa is a founder of FSecure Corporation, which provides
security services protecting consumers and businesses against computer viruses and other threats
from the Internet and mobile networks. Mr. Siilasmaa is the Chairman of the Board of Directors of F
Secure Corporation, a member of the Board of Directors of Elisa Corporation and a Chairman or
member of the Board of Directors of various private companies. He is also Vice Chairman of the Board
of the Technology Industries of Finland.
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 current members of our Group Executive Board are set forth below.
Chairman OlliPekka Kallasvuo,
b. 1953
President and CEO of Nokia Corporation.
Group Executive Board member since 1990, Chairman since
2006. With Nokia 19801981, rejoined 1982.
LL.M. (University of Helsinki).
President and COO of Nokia Corporation 20052006, Executive
Vice President and General Manager of Nokia Mobile Phones
20042005, Executive Vice President, CFO of Nokia 19992003,
Executive Vice President of Nokia Americas and President of
Nokia Inc. 19971998, Executive Vice President, CFO of Nokia
19921996, Senior Vice President, Finance of Nokia
19901991.
91