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To: Eric L who wrote (1624)10/29/2001 8:22:44 AM
From: Eric L  Respond to of 9255
 
re: Jorma Ollila 5 year contract extension.

Cellular News
October 29, 2001

>> Jorma Ollila to Continue as Nokia's CEO through 2006

Nokia has extended Jorma Ollila's contract as the company Chairman and the CEO by a further five years, lasting until 2006.

"Nokia's Board and Jorma Ollila agreed that ensuring continuity of leadership and management is particularly critical as we face an unprecedented technological transition in the mobile communication business. This contract extension meets that need", said Mr. Paul J. Collins, Nokia's Vice Chairman of the Board and Chairman of the Personnel Committee.

Jorma Ollila (51) joined Nokia in 1985, was appointed President and CEO in 1992, and became member of Nokia's Board of Directors in 1995. He has been Nokia's Chairman and CEO since 1999. <<

- Eric -