Pekka Lundmark
Pekka Lundmark
Pekka Lundmark (born on December 9th, 1963) is from Espoo, Finland. He is a Finnish business executive. Lundmark has served as President and Chief Executive Officer of Fortum from September 2015 to August 2020, where he moved from the position of President and CEO of Konecranes. As of September 1, 2020, Lundmark will be President and CEO of Nokia.[5]
Career
At the Lundmark Energy Conference 2017
Lundmark began his career in software sales in the United States from 1988 to 1990, and then worked for Nokia in various management positions between 1990 and 2000.
For the last two years of Nokia, Lundmark worked in Silicon Valley.[5]
“With the acquisition of Alcatel-Lucent behind us and the world of 5G in front of us, I am pleased that Pekka has agreed to join Nokia,” said Risto Siilasmaa, Nokia Board Chair.[2]
He is the President and CEO of Fortum Corporation.
His mission is to drive the change towards a cleaner world.
Fortum is a leading clean-energy organization that gives its clients with power, heating and cooling as well as smart solutions to improve resource efficiency.
The organization’s premise is a desire to engage with its clients and the whole of society to join the change for a cleaner world.
Before Fortum, Pekka was President and CEO at Konecranes, President and CEO at Hackman, Managing Partner at Startupfactory and held different executive positions at Nokia.
He is also the Chairman of the Board of Confederation of Finnish Industries and the Helsinki Metropolitan Smart & Clean Foundation.
He holds an MSc (Eng.) from University of Helsinki of Technology. [12]
Education
Personal Life
Lundmark was born in a middle-class family.
Like his father, he graduated from the University of Technology with a Master of Science degree in Information Technology and International Marketing.
From Silicon Valley, he became CEO of Startupfactory, after which he became CEO of Hackman in 2002. KCI Konecranes appointed Lundmark as the new CEO of the Group in 2004. He first became Deputy CEO of Konecranes in 2004 and became President in 2005.
Lundmark has served as Chairman of Marimekko's Board of Directors. He has served as Chairman of the Board of Directors of the Federation of Finnish Technology Industries and on the Board of the Confederation of Finnish Industries (EK). He was elected Chairman of the EC Board of Directors for 2019.[5]
Family
Lundmark is married and has three children.[1]
Fortum’s President And CEO Pekka Lundmark Steps Down To Head Nokia
President and CEO of Fortum Corporation, Pekka Lundmark informed Fortum that he will leave the organization to take on a comparable position at Nokia. He will leave Fortum latest at the end of August 2020. [2]
He was appointed President and CEO of Nokia, with Rajeev Suri to step down after years as President and CEO of Nokia and Nokia Siemens Networks. Lundmark is expected to begin his new role at Nokia on September 1, 2020.
“I sincerely thank Pekka for the great work he has done to transform Fortum over the past four and a half years.
During this time, Fortum has determinedly executed a strategy that drives the change for a cleaner world.
Fortum has grown in CO2-free energy and circular economy and is the largest electricity retail company in the Nordics.
Further, Fortum is well on its way to become one of Europe’s largest energy companies through its investment in Uniper.
At the same time, the group’s financial performance has clearly improved and Fortum achieved its long-term financial targets, delivering consistent value to its shareholders and all stakeholders,” Matti Lievonen, Chairman of the Board of Directors said.[3]
“I leave Fortum with a heavy heart as the company and the whole European energy market are at an extremely interesting point.
However, the opportunity that I was offered was too attractive to pass.
I want to thank Fortum’s Board of Directors for their trust, and my team and all Fortum employees – together we have achieved so much.
Fortum is now well positioned to drive forward the European energy transition.
I know this work will continue relentlessly also in the future,” says Pekka Lundmark.[3]