REG-Nokia announces changes to its leadership team and the creation of Technology and AI and Corporate Development Organizations 

Nokia OyjAnnouncement

17/09/2025 11:00

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Nokia Corporation
Stock Exchange Release
17 September 2025 at 13:00 EEST

Nokia announces changes to its leadership team and the creation of Technology
and AI and Corporate Development Organizations   
* Nokia announces the creation of two new teams, a Technology and AI
Organization (TAO) and a Corporate Development Organization (CDO) to
strengthen the company’s capabilities in technology innovation, bring better
support to business development and create more focused organizations.  
* Pallavi Mahajan to join Nokia as Chief Technology and AI Officer and
Konstanty Owczarek to join Nokia as Chief Corporate Development Officer. Both
Mahajan and Owczarek will join Nokia’s Group Leadership Team on 1 October
2025.  
* Nishant Batra has decided to step down as Chief Strategy and Technology
Officer and from the Group Leadership Team effective 30 September 2025.  
Espoo, Finland – Nokia today announced leadership changes and the creation
of two new organizations – a Technology and AI Organization and a Corporate
Development Organization. The changes are made to strengthen the company’s
capabilities in technology innovation, bring better support to business
development, and create more focused organizations. The two new organizations
will be effective 1 October 2025.  

“To succeed in the AI supercycle, we need to focus on where we can drive
differentiation through our core technologies, strengthen our capabilities in
security and AI, and maximize the value of partnerships in our ecosystem.
Having a dedicated Technology and AI organization will be an important asset
for us and our customers. The new Corporate Development organization will
accelerate our strategy evolution and execution, and support our
businesses,” said Nokia’s President and CEO Justin Hotard. 

The Technology and AI Organization will integrate Nokia Bell Labs, Technology
and AI Leadership, and Group Security. This organization will be led by
Pallavi Mahajan, previously Corporate Vice President and General Manager of
Data Center and Artificial Intelligence Software at Intel. She has significant
experience from networks, software and AI. Mahajan has held several executive
roles, including leading Intel’s innovation at the intersection of
networking, mobility, cloud, edge and AI. At HPE, she pioneered supercomputing
programs and led the company’s hybrid cloud strategy. Earlier in her career
at Juniper Networks, she spearheaded the development towards self-driving
networks.  

Corporate Development Organization will integrate Corporate Development,
Strategic Partnerships, Mergers and Acquisitions, incubation activities and
NGP Capital. This organization will be led by Konstanty Owczarek, who has
broad experience in corporate development, investment banking, investing and
strategy. He has held executive positions at HPE’s High Performance Compute,
AI & Labs business, where he led strategy and business development, including
the strategic pivot to Generative AI, as well as product life cycle management
and other operating management. Before HPE he was Head of Strategy and
Innovation for AIG’s Life and Retirement business.  

“I am delighted to welcome Pallavi to Nokia. She is recognized for her rare
combination of deep technical expertise, commercial acumen, and proven ability
to scale multi-billion-dollar product portfolios at the intersection of AI,
mobile, and edge computing. I am also excited to welcome Konstanty to Nokia.
He brings with him a unique combination of expertise spanning strategy,
corporate development and finance across a variety of industries,” Hotard
continued.  

Nishant Batra has decided to step down as Chief Strategy and Technology
Officer and from the Group Leadership Team on 30 September 2025.    

“I would like to thank Nishant for his contribution to Nokia over the past
five years. He led a transformation of Nokia Bell Labs, helped to position
Nokia at the forefront of 6G, accelerated our digital and security
transformation, and led the execution of our innovation strategy,” Hotard
added.  

Additional background information on all current members of the Group
Leadership Team can be found
at: www.nokia.com/en_int/investors/corporate-governance/group-leadership-team. 

Pallavi Mahajan, CV 
Born: 1977 
Nationality: Indian Citizen 

Education: 
Advanced Leadership Program, Stanford University Graduate School of Business 

Master of Science, Software Systems, Birla Institute of Technology and
Science, Pilani 

Bachelors of Technology, Computer Science, National Institute of Technology
Kurukshetra 

Experience: 
2024–2025 Corporate Vice President & GM, Data Center and AI Group, Intel 

2022–2024 Corporate Vice President & GM, Network and Edge Group, Intel  

2021–2022 Vice President, Solutions Engineering & Customer Experience, High
Performance Compute, Hewlett Packard Enterprise 

2020–2021 Vice President, Head of Software Engineering for Compute, Hewlett
Packard Enterprise 

2016–2019 Vice President Engineering, Juniper Networks 

2003–2016 Several senior positions, Juniper Networks  

2001–2003 Technical Lead, BayPackets 

1998–2001 Research Engineer, Centre for Development of Telematics (C-DOT) 

Additional positions: 
2010–2015 Member of Advisory Board, MotifWorks 

Konstanty Owczarek, CV 
Born: 1979 
Nationality: US and Polish Citizen 

Education:  

Master of Finance and Banking, University of Lodz; Copenhagen Business
School  

Bachelor of Business Administration (BBA), Emory University 

Experience: 

2024–2025 Managing Partner and Founder, KJO Advisors LLC 

2022–2024 Chief Strategy Officer and Chief Operating Officer, HPC, AI and
Labs, Hewlett Packard Enterprise  

2020–2022 Global Head of Strategy and Innovation, President of New Markets,
AIG Life, American International Group, Inc. 

2018–2020 Head of M&A and Strategy, AIG Life & Retirement, American
International Group, Inc. 

2015–2017 Managing Director, AIG Corporate Development, American
International Group, Inc. 

2009–2015 Co-Founder, Strategic Risk Capital Advisors, LLC 

2004–2009 Associate and Vice President, Integrated Finance Ltd. (IFL) /
Marakon Associates 

2003–2004 Analyst, Technology, Media and Telecom Group, Bear Stearns &
Co.  

About Nokia

At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense,
think and act by leveraging our work across mobile, fixed and cloud networks.
In addition, we create value with intellectual property and long-term
research, led by the award-winning Nokia Bell Labs, which is celebrating 100
years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem,
our high-performance networks create new opportunities for monetization and
scale. Service providers, enterprises and partners worldwide trust Nokia to
deliver secure, reliable and sustainable networks today – and work with us
to create the digital services and applications of the future.

Media inquiries 
Nokia Communications 
Maria Vaismaa, Global Head of External Communications 
Phone: +358 10 448 4900 
Email: press.services@nokia.com 
  
Nokia Investor Relations 
Phone: +358 931 580 507 
Email: investor.relations@nokia.com