Espoo, Finland - Rudi Lamprecht, 58, member of the Corporate Executive Committee
of Siemens AG, has been appointed to the Board of Directors of Nokia Siemens
Networks B.V., effective as of September 30, 2007. He replaces Peter Löscher,
50, President and CEO of Siemens AG, who resigned from the Board of Nokia
Siemens Networks effective the same day.
After the changes, the Board of Nokia Siemens Networks consists of the following
seven members: Nokia President and CEO, Olli-Pekka Kallasvuo (Chairman of the
Nokia Siemens Networks Board); Siemens CFO, Joe Kaeser; Member of the Siemens
Corporate Executive Committee, Rudi Lamprecht; Member of the Siemens Managing
Board, Eduardo Montes; Head of Nokia Technology Platforms, Niklas Savander;
Nokia CFO, Rick Simonson; and Head of Nokia Operational Human Resources, Juha
Äkräs.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of
the converging Internet and communications industries. Nokia makes a wide range
of mobile devices and provides people with experiences in music, navigation,
video, television, imaging, games and business mobility through these devices.
Nokia also provides equipment, solutions and services for communications
networks.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of communications services.
The company provides a complete, well-balanced product portfolio of mobile and
fixed network infrastructure solutions and addresses the growing demand for
services with 20,000 service professionals worldwide. The combined pro-forma net
sales of EUR 17.1 billion in the fiscal year 2006 makes Nokia Siemens Networks
one of the largest telecommunications infrastructure companies. Nokia Siemens
Networks has operations in some 150 countries and is headquartered in Espoo,
Finland. It combines Nokia's Networks Business Group and the carrier related
businesses of Siemens Communications.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not historical
facts, including, without limitation, those regarding: A) the timing of product,
service and solution deliveries; B) our ability to develop, implement and
commercialize new products, services, solutions and technologies; C)
expectations regarding market growth, developments and structural changes; D)
expectations regarding our mobile device volume growth, market share, prices and
margins; E) expectations and targets for our results of operations; F) the
outcome of pending and threatened litigation; and G) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate," "designed,"
"plans," "will" or similar expressions are forward-looking statements. These
statements are based on management's best assumptions and beliefs in light of
the information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) competitiveness of our product portfolio; 2) our ability to
identify key market trends and to respond timely and successfully to the needs
of our customers; 3) the extent of the growth of the mobile communications
industry, as well as the growth and profitability of the new market segments
within that industry which we target; 4) the availability of new products and
services by network operators and other market participants; 5) our ability to
successfully manage costs; 6) the intensity of competition in the mobile
communications industry and our ability to maintain or improve our market
position and respond successfully to changes in the competitive landscape; 7)
the impact of changes in technology and our ability to develop or otherwise
acquire complex technologies as required by the market, with full rights needed
to use; 8) timely and successful commercialization of complex technologies as
new advanced products, services and solutions; 9) our ability to protect the
complex technologies, which we or others develop or that we license, from claims
that we have infringed third parties' intellectual property rights, as well as
our unrestricted use on commercially acceptable terms of certain technologies in
our products, services and solution offerings; 10) our ability to protect
numerous Nokia patented, standardized, or proprietary technologies from third
party infringement or actions to invalidate the intellectual property rights of
these technologies; 11) our ability to manage efficiently our manufacturing and
logistics, as well as to ensure the quality, safety, security and timely
delivery of our products, services and solutions; 12) inventory management risks
resulting from shifts in market demand; 13) our ability to source quality
components and sub-assemblies without interruption and at acceptable prices; 14)
Nokia's and Siemens' ability to successfully integrate the operations, personnel
and supporting activities of their respective businesses as a result of the
merger of Nokia's networks business and Siemens' carrier-related operations for
fixed and mobile networks forming Nokia Siemens Networks; 15) whether, as a
result of investigations into alleged violations of law by some current or
former employees of Siemens, government authorities or others take actions
against Siemens and/or its employees that may involve and affect the
carrier-related assets and employees transferred by Siemens to Nokia Siemens
Networks, or there may be undetected additional violations that may have
occurred prior to the transfer, or ongoing violations that may occur after the
transfer, of such assets and employees that could result in additional actions
by government authorities; 16) the expense, time, attention and resources of
Nokia Siemens Networks and our management to detect, investigate and resolve any
situations related to alleged violations of law involving the assets and
employees of Siemens carrier-related operations transferred to Nokia Siemens
Networks; 17) any impairment of Nokia Siemens Networks customer relationships
resulting from the ongoing government investigations involving the Siemens
carrier-related operations transferred to Nokia Siemens Networks; 18)
developments under large, multi-year contracts or in relation to major
customers; 19) general economic conditions globally and, in particular, economic
or political turmoil in emerging market countries where we do business; 20) our
success in collaboration arrangements relating to development of technologies or
new products, services and solutions; 21) the success, financial condition and
performance of our collaboration partners, suppliers and customers; 22) any
disruption to information technology systems and networks that our operations
rely on; 23) exchange rate fluctuations, including, in particular, fluctuations
between the euro, which is our reporting currency, and the US dollar, the
Chinese yuan, the UK pound sterling and the Japanese yen, as well as certain
other currencies; 24) the management of our customer financing exposure; 25)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 26) unfavorable outcome of litigations; 27) our ability to recruit,
retain and develop appropriately skilled employees; and 28) the impact of
changes in government policies, laws or regulations; as well as the risk factors
specified on pages 12-24 of the company's annual report on Form 20-F for the
year ended December 31, 2006 under "Item 3.D Risk Factors." Other unknown or
unpredictable factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation to update
publicly or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally required.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
E-mail: press.office@nokia.com
www.nokia.com
www.nokiasiemensnetworks.com
A change in the Nokia Siemens Networks Board of Directors: Rudi Lamprecht replaces Peter Löscher in the Board of Nokia Siemens Networks
| Source: Nokia