The Ledger ResearchPrivate

The Front Office

Scouting report · NOK

Marco Wirén

  • Chief Financial Officer, NOK since 2020-09src

Nokia CFO since September 2020; earlier CFO of Wärtsilä, SSAB and Eltel

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design—operating income, fcf, relative tsr, eps
Skin in the game—no holding or price on file
In the role
6 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 2

  • His individual pay is not disclosed: Nokia itemises only the President and CEO. GLT members other than the CEO together earned EUR 17.4m in 2025 for their time on the GLT (EUR 14.3m salary, STI and other; EUR 3.1m vested LTI)src
  • Every 2026 addition to his holding came from plan vesting (35,987 shares in January, 122,656 in July); no open-market purchase was notified in the last twelve monthssrc

In their favour 1

  • No share sale notified under EU MAR in the twelve months to 2026-09-24src

Career

  1. 2020 – now
    Nokiasrc
    Chief Financial Officer; Group Leadership Team member
    Appointed 2020-06-11, joined 2020-09-01, succeeding Kristian Pullola (WS-gnw-2020). CFO under Pekka Lundmark and, from 2025-04-01, Justin Hotard
  2. 2018 – 2020
    Wärtsiläsrc
    President, Wärtsilä Energy and EVP, Wärtsilä Group
  3. 2013 – 2018
    Wärtsiläsrc
    EVP & CFO
  4. 2008 – 2013
    SSABsrc
    EVP & CFO
  5. 2007 – 2008
    SSABsrc
    VP, Business Control
  6. 2006 – 2007
    Eltel Networkssrc
    CFO
  7. 2002 – 2005
    Eltel Networkssrc
    VP Corporate Development, Head of Service Division, VP Business Development
  8. 1996 – 2002
    NCC Groupsrc
    Group Controller, Head of Strategic Planning, VP Strategy & Business Development

Not located: Before 1996 not described in any source searched

Achievements

  • Six years as Nokia CFO across two CEOs, the Infinera acquisition and the 2025-2026 reorganisation into two segmentssrc
  • Three listed-company CFO jobs before Nokia: Eltel Networks (2006-2007), SSAB (2008-2013) and Wärtsilä (2013-2018)src
  • Ran an operating business, Wärtsilä Energy, as its President from 2018 to 2020 before joining Nokiasrc
  • Held 358,170 Nokia shares at 2025 year end and received 158,643 more from vesting incentive plans in January and July 2026src

Education

  • Uppsala University, MBA Business Administrationsrc

Background

  • Other Finnish/Swedish national per the 20-F, which gives a year of birth rather than an age, so no age is recorded here. The 20-F does not address family relationships among officerssrc
  • Boards Director of Neste Corporation 2015-2023, Vice Chair 2019-2023src
  • Other As CFO also oversees IT, investor relations and treasury, alongside reporting, performance management and capital allocation, per Nokia's leadership pagesrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

6
  1. Filing Nokia Corporation Form 20-F for 2025 (accession 0001628280-26-015034): GLT biographies, shareholdings, GLT remuneration · 2026-03-05
  2. Filing Nokia 6-K, Managers' transactions (Wirén), receipt of a share-based incentive (0001104659-26-082180) · 2026-07-09
  3. Filing Nokia 6-K, Managers' transactions (Wirén), receipt of a share-based incentive (0001104659-26-003690) · 2026-01-14
  4. Filing Nokia 6-K, Q3 2025 call details naming Justin Hotard (President & CEO) and Marco Wirén (CFO) as speakers (0001104659-25-103038) · 2025-10-28
  5. Web search result WebSearch: Nokia.com leadership page 'Marco Wirén' (CFO remit: reporting, performance management, capital allocation, global business services, IT, investor relations, treasury) · 2026-09-24
  6. Web search result WebSearch: GlobeNewswire 2020-06-11, 'Marco Wirén appointed Chief Financial Officer of Nokia; Kristian Pullola to step down' · 2026-09-24