Finnish mobile phone maker Nokia Corp. (NOK), Tuesday said its board of directors have re-elected Risto Siilasmaa as Board Chairman at the annual general meeting held in Helsinki. The meeting also resolved not to distribute any dividend for fiscal year 2012.
Siilasmaa has been Nokia's board member since 2008. He is the chairman, founder and former CEO of security software maker F- Secure Corp. He is also a board member of Mendor Ltd., and Vice Chairman of Federation of Finnish Technology Industries.
The board also appointed Jouko Karvinen, CEO of Stora Enso Oyj, as Nokia board's Vice Chairman. Karvinen has been a board member since 2011.
The AGM also authorized the Board's resolve to repurchase a maximum of 370 million Nokia shares. The authorization is effective until June 30, 2014. The Board has no current plans for repurchases during 2013.
NOK is currently trading at $3.50, $0.10 or 3.02%, on a volume of 31 million shares on the NYSE.
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