Janux stock plunges after hours following mCRPC trial data
ESPOO, Finland - Nokia announced Wednesday the creation of two new organizational units and leadership changes as part of efforts to strengthen its capabilities in technology innovation and business development.
The Finnish telecommunications equipment maker will establish a Technology and AI Organization and a Corporate Development Organization, both effective October 1, 2025.
Pallavi Mahajan, previously Corporate Vice President and General Manager of Data Center and Artificial Intelligence Software at Intel, will join Nokia as Chief Technology and AI Officer. Konstanty Owczarek, who has held executive positions at HPE's High Performance Compute, AI & Labs business, will serve as Chief Corporate Development Officer.
Both executives will join Nokia's Group Leadership Team on October 1, the company said in a press release.
The Technology and AI Organization will integrate Nokia Bell Labs, Technology and AI Leadership, and Group Security, while the Corporate Development Organization will combine Corporate Development, Strategic Partnerships, Mergers and Acquisitions, incubation activities and NGP Capital.
"To succeed in the AI supercycle, we need to focus on where we can drive differentiation through our core technologies, strengthen our capabilities in security and AI, and maximize the value of partnerships in our ecosystem," said Nokia's President and CEO Justin Hotard.
As part of the reorganization, Nishant Batra will step down as Chief Strategy and Technology Officer and from the Group Leadership Team effective September 30, 2025, after five years with the company.
Mahajan brings experience from networks, software and AI from her roles at Intel, HPE and Juniper Networks. Owczarek has background in corporate development, investment banking, investing and strategy from positions at HPE and AIG.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
