Nokia Appoints Kallasvuo as Next CEO

Nokia appointed Olli-Pekka Kallasvuo
as President and Chief Operating Officer effective October 1, 2005, and President and CEO from June 1, 2006. Mr. Kallasvuo joined Nokia in 1980 and currently heads the Mobile Phones business group. Prior to this he worked as the company's Chief Financial Officer.

Chairman and Chief Executive Officer Jorma Ollila continues after June 1, 2006 as Non-Executive Chairman. Nokia's current President, Pekka Ala-Pietila, will resign to pursue personal interests. He will take on the role of Executive Advisor as of October 1 and leave Nokia on February 1, 2006.
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