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=== 2020–present === On 2 March 2020, Nokia announced [[Pekka Lundmark]] as its new CEO.<ref>{{Cite web|url=https://edition.cnn.com/2020/03/02/tech/nokia-ceo-pekka-lundmark/index.html|title=Nokia names new CEO after missing 5G opportunity|last=Toh|first=Michelle|date=March 2, 2020|website=[[CNN Business]]|access-date=March 2, 2020}}</ref> Later that month, Nokia completed the acquisition of Elenion Technologies, a U.S.-based company focusing on silicon photonics technology to improve economics of advanced optical connectivity products.<ref>[https://www.nokia.com/about-us/news/releases/2020/03/25/nokia-completes-acquisition-of-elenion-technologies/ "Nokia completes acquisition of Elenion Technologies"] (25 March 2020). ''Nokia.com''. Retrieved 9 June 2020.</ref> On 27 May 2020, [[Sari Baldauf]] succeeded Risto Siilasmaa as chairwoman of the board of directors, and Kari Stadigh was appointed vice chair. In June, Nokia won a 5G contract worth approximately $450 million<ref>{{cite web |title=Comeback of Nokia – The Phoenix That Rose From Its Ashes |date=3 November 2020 |url=https://marketscombined.com/blog/nokia-the-phoenix-that-rose-from-its-ashes/ |publisher=MarketsCombined |access-date=6 November 2020 |archive-date=4 November 2020 |archive-url=https://web.archive.org/web/20201104041807/https://marketscombined.com/blog/nokia-the-phoenix-that-rose-from-its-ashes/ |url-status=dead }}</ref> from [[Taiwan Mobile]] to build out the telecom operator's next-generation network as the sole supplier.<ref>{{Cite web|last=Mukherjee|first=Supantha|date=June 29, 2020|title=Nokia wins Taiwan Mobile 5G contract worth $450 million|url=https://www.platformexecutive.com/news/mobile-telecoms-infrastructure/nokia-wins-taiwan-mobile-5g-contract-worth-450-million/|access-date=June 29, 2020|website=Platform Executive}}</ref> In October, Nokia announced a contract with [[NASA]] to build a 4G mobile network for astronaut usage on the moon. The $14.1 million contract, through subsidiary Bell Labs, was expected to begin in 2022.<ref>{{Cite web|last=Browne|first=Ryan|date=2020-10-19|title=NASA is launching a 4G mobile network on the moon|url=https://www.cnbc.com/2020/10/19/nasa-is-launching-a-4g-mobile-network-on-the-moon.html|access-date=2020-10-19|publisher=CNBC|language=en}}</ref><ref>{{Cite web|last=Goldman|first=David|date=2020-10-19|title=NASA and Nokia are putting a 4G network on the moon|url=https://www.cnn.com/cnn/2020/10/18/tech/4g-network-moon-trnd/index.html|access-date=2020-10-20|publisher=[[CNN]]|language=en}}</ref><ref>{{Cite web|date=2020-11-23|title=Nokia to launch various phones with Android Go |url=https://www.promagzine.com/2020/11/23/nokia-to-launch-various-phones-with-android-go/ |access-date=2020-11-23|website=Pro Magazine|language=en}}</ref> In 2020, [[Flipkart]] collaborated with Nokia to market Nokia-branded consumer products in India. These included televisions, a laptop and a range of air conditioners.<ref>{{Cite web|title=Flipkart partners with Nokia to launch new air conditioners in India|url=https://tech.hindustantimes.com/home-appliances/news/flipkart-partners-with-nokia-to-launch-new-air-conditioners-in-india-71608543284283.html|access-date=2020-12-22|website=[[Hindustan Times]]|date=21 December 2020|language=en}}</ref> In April 2022, Nokia announced that it would exit the Russian market following the [[Russian invasion of Ukraine|country's invasion of Ukraine]]. The company stated that the decision would not affect its financial outlook as Russia accounted for less than 2% of Nokia's net sales in 2021.<ref>{{Cite news |last=Mukherjee |first=Supantha |date=2022-04-12 |title=Nokia to stop doing business in Russia |language=en |agency=Reuters |url=https://www.reuters.com/business/media-telecom/nokia-says-stop-doing-business-russia-2022-04-12/ |access-date=2022-04-12}}</ref> In February 2023, Nokia introduced a new logo for the first time in nearly 60 years<ref>{{Cite web |last=Mukherjee |first=Supantha |date=2023-02-26 |title=Nokia changes iconic logo to signal strategy shift |url=https://www.thestar.com.my/tech/tech-news/2023/02/26/nokia-changes-iconic-logo-to-signal-strategy-shift |access-date= |website=The Star |language=en}}</ref> to change its brand identity as people still associated the previous logo with mobile phones.<ref>{{Cite web |last=Lindeberg |first=Rafaela |date=2023-02-27 |title=Nokia redesigns logo because people think it still makes mobile phones |url=https://www.thestar.com.my/tech/tech-news/2023/02/27/nokia-redesigns-logo-because-people-think-it-still-makes-mobile-phones |access-date= |website=The Star |language=en}}</ref> The new logo was designed by [[Lippincott (brand consultancy)|Lippincott]].<ref>{{Cite web |title=Nokia Rebrand |url=https://lippincott.com/work/nokia-rebrand/ |access-date=2023-02-28 |website=Lippincott |language=en-US |archive-date=27 February 2023 |archive-url=https://web.archive.org/web/20230227165201/https://lippincott.com/work/nokia-rebrand/ |url-status=dead }}</ref> In December 2023, Nokia acquired Fenix Group to strengthen its wireless offering in the defense segment for an undisclosed amount.<ref>{{Cite web |date=2023-12-12 |title=Nokia to acquire Fenix Group, strengthening wireless offering in the Defense segment |url=https://uk.finance.yahoo.com/news/nokia-acquire-fenix-group-strengthening-071200951.html |access-date=2023-12-12 |website=Yahoo Finance |language=en-GB}}</ref> In the same month, Nokia announced a €185{{Nbsp}}million deal with Lumine Group to carve out its device management business (inherited from Alcatel-Lucent's purchase of [[Motive, Inc]].) and its service management business (formerly [[Mformation]]). The deal completed in April 2024 and involved the transfer of around 500 Nokia employees.<ref>{{Cite web |last=Sensi |first=Jasdip |date=2023-12-21 |title=Nokia sells device management business to Lumine for £160m |url=https://mobilemarketingmagazine.com/nokia-sells-lumine/ |access-date=2024-04-21 |website=Mobile Marketing Magazine |language=en-US}}</ref><ref>{{Cite web |date=April 1, 2024 |title=Lumine Group Completes the Purchase of the Device Management and Service Management Platform Businesses from Nokia |url=https://www.luminegroup.com/resources/lumine-group-completes-the-purchase-of-the-device-management-service-management-platform-businesses-from-nokia |access-date=2024-04-21 |website=luminegroup.com |language=en}}</ref> In February 2024, the company announced that it was accelerating its [[Net zero emissions|carbon neutrality]] target by 10 years to 2040 after having previously committed to cutting its [[carbon footprint]] across [[Carbon accounting|emissions scopes]] in half by 2030 from a 2019 baseline.<ref>{{cite news|last=Chopping|first=Dominic|date=February 26, 2024|title=Nokia Brings Forward Net Zero Target by 10 Years to 2040|work=The Wall Street Journal|publisher=News Corp|url=https://www.wsj.com/articles/nokia-brings-forward-net-zero-target-by-10-years-to-2040-c4cb675c|access-date=February 27, 2024}}</ref> In June 2024, Nokia acquired [[Infinera]] for $2.3 billion.<ref>{{Cite web |date=2024-06-28 |title=Nokia to buy networking company Infinera in US$2.3 billion deal |url=https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/nokia-buy-networking-company-infinera-us2-3-billion-deal |access-date=2024-06-27 |website=The Business Times |language=en}}</ref> On 10 February 2025, Nokia announced that Pekka Lundmark would step down as president and CEO on 31 March and be succeeded by [[Justin Hotard]].<ref>{{Cite web |title=Nokia appoint Justin Hotard as new CEO {{!}} Yle.fi |url=https://yle.fi/a/74-20142623 |archive-url=https://web.archive.org/web/20250320045804/https://yle.fi/a/74-20142623 |archive-date=2025-03-20 |access-date=2025-03-29 |website=Yle.fi |language=en}}</ref><ref>{{Cite web |title=Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark {{!}} Nokia.com |url=https://www.nokia.com/about-us/news/releases/2025/02/10/inside-information-nokia-announces-a-leadership-transition-justin-hotard-appointed-as-successor-to-pekka-lundmark/ |archive-url=https://web.archive.org/web/20250323203701/https://www.nokia.com/about-us/news/releases/2025/02/10/inside-information-nokia-announces-a-leadership-transition-justin-hotard-appointed-as-successor-to-pekka-lundmark/ |archive-date=2025-03-23 |access-date=2025-03-29 |website=Nokia.com |language=en}}</ref>
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