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#HELMER: Rajeev Suri to be named Chief Executive of Nokia

Finnish communications giant Nokia, which is set to close the sale of its phone business to Microsoft, will on Tuesday name Rajeev Suri as its next CEO.

Citing unnamed sources, the 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.

46-year-old Suri, born in India, has been widely considered the leading candidate for the CEO post as in recent years he has helped the network division Nokia Solutions and Networks (NSN) turn profitable with a drastic restructuring plan and by ditching unprofitable businesses.

Investors have been looking forward to hearing about Nokia’s next steps since it announced the 5.4 billions 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.

The newspaper also said Nokia would over time abandon the name NSN.

Nokia was not immediately available for comment.

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