Nokia president of Network Infrastructure Federico Guillen to retire

Nokia (NOK) announced changes to its Group Leadership Team. Federico Guillen will retire from Nokia on 31 December 2025. He will step down from his role as President of Nokia’s Network Infrastructure business group and from the Group Leadership Team on 30 June 2025. As part of a managed transition, David Heard, currently NI Chief Strategic Growth Officer, and former CEO of Infinera, has been promoted to President of Network Infrastructure and will join the Group Leadership Team, effective 1 July 2025. David will report to Nokia’s President and CEO, Justin Hotard, and be based in Dallas. Federico and David will work together to ensure a seamless transition. In addition, Victoria Hanrahan will join Nokia’s Group Leadership Team as Chief of Staff to the President and CEO, effective immediately. She will focus on driving strategic and operational initiatives, including operational excellence, improving cross-functional execution and ensuring organizational alignment across the Global Leadership Team. Victoria will report to Nokia’s President and CEO and be based in Espoo.