Nokia Board Sets Chair Succession, Dividend Ceiling and Major Share Issuance Mandates for 2026 AGM

Nokia ( (GB:0HAF) ) has issued an announcement.

Nokia’s board has outlined key proposals for the 2026 annual general meeting, including a planned leadership transition in which long‑serving chair Sari Baldauf will step down and board member Timo Ihamuotila is expected to assume the chairmanship, with Thomas Saueressig proposed as vice chair. The board is also proposing the re‑election of nine current directors and the addition of Meredith Whittaker, chair of the Signal Technology Foundation, as a new member, while keeping board and committee remuneration unchanged and continuing to pay roughly 40% of annual fees in Nokia shares to align directors’ interests with shareholders. For capital allocation, the board seeks authorization to distribute up to €0.14 per share in dividends and/or return of capital in up to four instalments through early 2027, consistent with Nokia’s dividend policy, and is asking for broad mandates to issue up to 550 million new or treasury shares and to repurchase up to 550 million shares (less than 10% of outstanding stock) for balance sheet management, M&A, incentive plans or cancellation. The board further proposes the reappointment of Deloitte Oy as both statutory auditor and sustainability reporting assurer for the 2027 financial year, as well as standard AGM items such as approving the 2025 financial statements, discharge of liability for directors and executives, and the 2025 remuneration report, underscoring a focus on continuity in governance and capital framework amid the company’s strategic push in AI‑era network technologies.

More about Nokia

Nokia is a technology leader in network solutions for the AI era, providing fixed and mobile network infrastructure and related technologies to communications service providers and enterprise customers worldwide.

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