Timo Ihamuotila

• Group Executive Board member since 2007.
• With Nokia 1993-1996, rejoined 1999.

Master of Science (Economics) (Helsinki School of Economics), Licentiate of Science (Finance) (Helsinki School of Economics).

Executive Vice President, Sales, Markets 2008-2009, Executive Vice President, Sales and Portfolio Management, Mobile Phones 2007, Senior Vice President, CDMA Business Unit, Mobile Phones 2004-2007, Vice President, Finance, Corporate Treasurer 2000-2004, Director of Corporate Finance of Nokia Corporation 1999-2000. Vice President of Nordic Derivates Sales, Citibank plc 1996-1999. Manager of Dealing & Risk Management of Nokia 1993-1996. Analyst, Assets and Liability Management, Kansallis Bank 1990-1993.

Member of the Board of Directors of Nokia Siemens Networks B.V. and NAVTEQ Corporation.

Starting November 1, 2009, Timo Ihamuotila holds the position of Executive Vice President and Chief Financial Officer, responsible for Group Finance and Control, Treasury, Investor Relations, Customer Finance, Mergers & Acquisitions, Business Improvement Services Team and Indirect sourcing.

Timo joined Nokia in 1993 as Manager for Dealing & Risk Management. In 1999, after a 3 year period away from the company, he rejoined Nokia and was appointed Director of Corporate Finance, and in 2000 was named Vice President Finance, Corporate Treasurer of Nokia Corporation, Group Treasury. In summer 2004 he became Senior Vice President at Nokia's CDMA business unit, an integral part of the Mobile Phones business group. In this capacity he was responsible for the financial results and the overall strategic direction of Nokia's global CDMA operations, and was based at Nokia's CDMA facility in San Diego, California. In 2007 he was appointed Executive Vice President, Sales and Portfolio Management, Mobile Phones, and in the beginning of 2008 he became responsible for Nokia's global sales within the Markets unit.

Prior to joining Nokia, Timo worked as Analyst in Asset and Liability Management for the Kansallis Bank, Helsinki and from 1996 to 1999 he worked for Citibank Plc as Vice President of Nordic Derivates Sales.

Timo has been a member of the Group Executive Board of Nokia since 2007. Starting November 2009 he has also been a member of Nokia Siemens Networks B.V.

He graduated from Helsinki School of Economics and holds a degree of Master of Science (Economics) and Licentiate of Science (Finance), having completed all doctoral courses in Finance.

Timo was born in April 1966, in Helsinki, Finland. He is married and has three children. In his spare time he enjoys tennis, skiing, reading and spending time with his family.