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Nokia veteran Sari Baldauf takes over as 5G battle rages

FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.Baldauf, one of the most high-profile female executives in the global telecoms industry, faces a tough task to fight back in the 5G race, as rivals Ericsson and Huawei put pressure on its sales and cash reserves.Chief Executive Rajeev Suri, who will later this year hand over to Pekka Lundmark, said the company will..

Date Published: May 27, 2020

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FILE PHOTO: Nokia's chairman Risto Siilasmaa, Nokia's President and Chief Executive Rajeev

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