NOKIA
Nokia
In FY2025 the chair received €475,000; the approved annual chair fee was €440,000 (40% in shares).
Board paid total FY2024
€2,511,000
10 directors · €251,100 / seat · Board
CEO total remuneration FY2025
€6,346,592
Justin Hotard · CEO
Board look-through
Board paid — amounts paid by director · Shares = share-based fee EUR
| Director | Role | Annual | Meetings | Committee | Shares | Total | Ownership % |
|---|---|---|---|---|---|---|---|
| Sari Baldauf | Chair | €465,000 | €10,000 | — | — | €475,000 | — |
| Søren Skou | Vice chair | €220,000 | €14,000 | — | — | €234,000 | — |
| Thomas Dannenfeldt | Member | €240,000 | €14,000 | — | — | €254,000 | — |
| Elizabeth Crain | Member | €220,000 | €12,000 | — | — | €232,000 | — |
| Carla Smits-Nusteling | Member | €215,000 | €9,000 | — | — | €224,000 | — |
| Lisa Hook | Member | €210,000 | €14,000 | — | — | €224,000 | — |
| Mike McNamara | Member | €210,000 | €14,000 | — | — | €224,000 | — |
| Timo Ahopelto | Member | €210,000 | €10,000 | — | — | €220,000 | — |
| Kai Öistämö | Member | €205,000 | €10,000 | — | — | €215,000 | — |
| Thomas Saueressig | Member | €195,000 | €14,000 | — | — | €209,000 | — |
Source: company rem report · Shares column is share-based fee EUR from the rem report. Browse all directors on People.
CEO remuneration
Executive pay from the rem report — separate from board fees. Ownership and tenure when disclosed.
| CEO | FY | Tenure | Ownership | Base | STI | LTI | Other | Pension | Total |
|---|---|---|---|---|---|---|---|---|---|
| Justin Hotard | 2025 | 0.8 yrs | 609,274 | €1,057,875 | €1,703,840 | €0 | €3,584,877 | — | €6,346,592 |
| Pekka Lundmark | 2025 | — | — | €352,625 | €567,947 | €0 | €19,697 | — | €940,269 |
| Pekka Lundmark | 2024 | — | — | €1,410,500 | €1,824,834 | €697,872 | €55,044 | — | €3,988,250 |
Source reports
-
Open ↗Corporate governance statement · FY2025EN
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Open ↗Remuneration report · FY2025EN
-
Open ↗Remuneration report · FY2024EN
Source: company rem report
At a glance
Approved chair fee
€440,000
40% in shares
Approved member fee
€185,000
Approved fee schedule
| Role | FY | Annual fee | Meeting fee | Share portion |
|---|---|---|---|---|
| Chair | 2025 | €440,000 | — | 40% |
| Vice chair | 2025 | €210,000 | — | 40% |
| Member | 2025 | €185,000 | — | 40% |
| Audit chair | 2025 | €30,000 | — | — |
| Audit member | 2025 | €15,000 | — | — |
| Meeting Fee Continental | 2025 | — | €2,000 | — |
| Meeting Fee Intercontinental | 2025 | — | €5,000 | — |
| Personnel Chair | 2025 | €30,000 | — | — |
| Personnel Member | 2025 | €15,000 | — | — |
| Strategy Chair | 2025 | €20,000 | — | — |
| Strategy Member | 2025 | €10,000 | — | — |
| Technology Chair | 2025 | €20,000 | — | — |
| Technology Member | 2025 | €10,000 | — | — |
| Chair | 2024 | €440,000 | — | 40% |
| Vice chair | 2024 | €210,000 | — | 40% |
| Member | 2024 | €185,000 | — | 40% |
| Audit chair | 2024 | €30,000 | — | — |
| Audit member | 2024 | €15,000 | — | — |
| Meeting Fee Continental | 2024 | — | €2,000 | — |
| Meeting Fee Intercontinental | 2024 | — | €5,000 | — |
| Personnel Chair | 2024 | €30,000 | — | — |
| Personnel Member | 2024 | €15,000 | — | — |
| Strategy Chair | 2024 | €20,000 | — | — |
| Strategy Member | 2024 | €10,000 | — | — |
| Technology Chair | 2024 | €20,000 | — | — |
| Technology Member | 2024 | €10,000 | — | — |