Week in review: Nokia, Nordstrom, Gap, and more!
Nokia chief executive Rajeev Suri is stepping down after more than a decade in the leadership role, Erik Nordstrom is named as the sole CEO of Nordstrom, and Gap promotes the chief executive of its Old Navy brand to be its new CEO. Read more about this and other notable executive changes:
Nokia CEO Rajeev Suri to Step Down; Pekka Lundmark to Succeed Him
Nokia president and CEO Rajeev Suri is stepping down after more than a decade in the leadership role. He is succeeded by Pekka Lundmark, the chief executive of Fortum, a leading Finnish energy company. Read more here.
Erik Nordstrom Named as Sole CEO of Nordstrom Ending Co-President Structure
Gap Looks Within to Old Navy Boss to Take Over as CEO
Saks Parent CEO Helena Foulkes to Step Down
Helena Foulkes, the CEO of Saks Fifth Avenue’s parent company Hudson’s Bay Co., is stepping down. Richard Baker, Hudson’s Bay executive chairman, will succeed Foulkes as chief executive. Read more here.
Western Digital Appoints Cisco Executive David Goeckeler as CEO
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