# Nokia names new finance chief in management revamp | Tech News (HT Tech) > The company said Marco Wiren would join from Finnish engineer Wartsila and take over from Kristian Pullola as chief financial officer (CFO) from September 1. # Nokia names new finance chief in management revamp ## The company said Marco Wiren would join from Finnish engineer Wartsila and take over from Kristian Pullola as chief financial officer (CFO) from September 1. Aug 20 2022, 21:20 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Wiren is currently head of the power plant technology business at Wartsila, after previously working as a CFO for several public companies.](https://images.hindustantimes.com/tech/img/2020/06/11/960x540/2020-06-11T073846Z_1_LYNXMPEG5A0JA_RTROPTP_3_NOKIA-CFO_1591881102743_1591881117348.JPG) Wiren is currently head of the power plant technology business at Wartsila, after previously working as a CFO for several public companies. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei for work on lucrative 5G networks. Nokia's new Chief Executive Pekka Lundmark will also take the helm in September, while last month Sari Baldauf started as chairwoman, succeeding Risto Siilasmaa who had led the board for eight years. Nokia, which axed its dividend after a profit warning last October, has been trying to tackle costs and delays in shipments as it vies with Sweden's Ericsson and China's Huawei. Also read click here. "Nokia has clearly had challenges with balance sheet and cash flow, which has created additional pressure for renewal on the financial side," analysts from equity research firm Inderes said in a note to clients. ALSO READ: Huawei owns so many 5G patents that US will have to pay up despite Donald Trump’s ban Wiren is currently head of the power plant technology business at Wartsila, after previously working as a CFO for several public companies. "Marco (Wiren) has deep financial and leadership experience, a sharp focus on driving operational excellence, and a demonstrated record of success. He also brings an extensive background in business-to-business and technology companies," Lundmark said in a statement. Nokia shares were down 1.8% in early trade, on a sharply lower Helsinki bourse. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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