Patrik Hammarén Takes Over Leadership of Nokia Technologies
Finnish telecommunications giant Nokia has announced Patrik Hammarén as the new president of Nokia Technologies, the company’s business unit focused on managing and monetizing its intellectual property. The appointment is effective immediately, with Hammarén also joining Nokia’s Group Leadership Team.
Hammarén’s promotion follows his tenure as acting president of the unit since October 2024, succeeding Jenni Lukander. Under his leadership, Nokia Technologies aims to build on recent successes, including significant smartphone patent renewals and new licensing agreements.
Extensive Experience Within Nokia
Hammarén has been with Nokia since 2007, holding several senior roles in the company’s patent licensing business. His positions have included Chief Licensing Officer of Wireless Technologies, Vice President and Head of the IoT Licensing Program, and Head of Patent Licensing for Greater China. This extensive experience has equipped him with the strategic vision and expertise needed to lead Nokia Technologies into its next phase of growth.
Nokia’s Confidence in Hammarén
Pekka Lundmark, Nokia’s President and CEO, expressed confidence in Hammarén’s ability to drive the company’s patent business forward. “During a thorough process, Patrik has demonstrated he has the strategic vision, drive, and experience to take Nokia’s patent business forward into the next phase of its growth journey,” Lundmark said.
Hammarén, based in Finland, will work closely with Nokia’s external partners and internal teams to strengthen the company’s licensing business. “I look forward to working with our external partners and our world-class team to maximize these strengths and build upon the successful completion of our smartphone renewals last year and the momentum we have established in our licensing growth areas,” Hammarén commented.
Recent Licensing Milestones
Nokia Technologies has achieved notable success in patent licensing. Earlier this month, Nokia signed a multi-year patent licensing agreement with Samsung, allowing the South Korean company to use Nokia’s video technologies in its televisions. While the financial terms of the agreement were not disclosed, it marks a significant step in expanding Nokia’s licensing footprint, with Samsung agreeing to pay royalties to Nokia.
Strengthening Nokia’s Intellectual Property Portfolio
Nokia Technologies is a critical component of the company’s strategy, managing an extensive intellectual property portfolio. The unit plays a pivotal role in driving revenue through patent licensing, with a focus on expanding into growth areas such as IoT and advanced wireless technologies.
FAQ Section
What is Nokia Technologies?
Nokia Technologies is the business unit within Nokia responsible for managing and monetizing the company’s intellectual property, including patents and licensing agreements.
Who is Patrik Hammarén?
Patrik Hammarén is the newly appointed president of Nokia Technologies. He has been with Nokia since 2007, serving in various senior roles within the company’s patent licensing business.
What recent licensing deals has Nokia signed?
Nokia recently signed a multi-year patent licensing agreement with Samsung, enabling the use of Nokia’s video technologies in Samsung’s televisions. Financial terms of the deal were not disclosed.
What are Hammarén’s responsibilities as president of Nokia Technologies?
Hammarén will oversee the management and growth of Nokia’s intellectual property portfolio, working to maximize revenue from patent licensing and expand into new growth areas.
How does Nokia benefit from its intellectual property business?
Nokia’s intellectual property business generates significant revenue through patent licensing agreements, contributing to the company’s overall financial performance and supporting innovation.
