- Arun Bansal appointed Senior Vice President and Head of Business Unit Radio
- Anders Lindblad appointed Senior Vice President and Head of Business Unit Cloud & IP
- Both appointments effective July 1, 2014
Nokia falls 7% as the CFO quits and third-quarter mobile equipment weakness echoes Ericsson woes.
Decade-long board veteran Ekholm, a former CEO of the group's leading shareholder, will replace Frykhammar in January.
Having fallen sharply on its rival's profit warning, the Finnish telecom equipment maker will need to reassure investors about its own mobile broadband business..