Nokia to name Rajeev Suri as next CEO on Tuesday: report

Nokia (HEX:NOK1V), which is set to close the sale of its phone business to Microsoft (MSFT), will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday. Citing unnamed sources, daily Helsingin Sanomat said Nokia would also on Tuesday, along with its first-quarter results, announce how much cash it would pay out to shareholders. Investors have been looking forward to hearing about Nokia's next steps since it announced the 5.4 billion euro ($7.5 billion) Microsoft deal in September. Nokia said earlier this week it expected the deal to close on Friday after the companies had agreed to modify certain deal conditions.

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