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    Home > Finance > Former Nokia CEO joining Finnish quantum company's board
    Finance

    Former Nokia CEO joining Finnish quantum company's board

    Published by Global Banking & Finance Review®

    Posted on August 20, 2025

    1 min read

    Last updated: January 22, 2026

    Former Nokia CEO joining Finnish quantum company's board - Finance news and analysis from Global Banking & Finance Review
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    Tags:innovationtechnologyinvestment

    Quick Summary

    Former Nokia CEO Pekka Lundmark joins QMill's board, enhancing the Finnish quantum company's leadership as it advances in quantum computing.

    Table of Contents

    • Pekka Lundmark's New Role at QMill
    • Background of Pekka Lundmark
    • QMill's Vision and Funding
    • The Future of Quantum Computing

    Former Nokia Leader Pekka Lundmark Joins QMill's Board in Finland

    Pekka Lundmark's New Role at QMill

    STOCKHOLM (Reuters) -Former Nokia CEO Pekka Lundmark will join Finnish quantum computing company QMill as an investor and a board member, the company said on Wednesday.

    Background of Pekka Lundmark

    Lundmark stepped down from the top job at Nokia earlier this year after being appointed as CEO in 2020, and is credited with turning around the telecom gear maker.

    QMill's Vision and Funding

    Antti Vasara, former head of VTT Technical Research Centre of Finland, and a former Nokia executive, will also join QMill as chair of the board.

    The Future of Quantum Computing

    Espoo, Finland-based QMill, is a quantum-algorithm company, which started operations last year, and has raised seed funding from Antler, Maki.vc and Kvanted.

    Quantum computing is emerging as a promising sector where many startups are working alongside tech companies such as Microsoft and Nvidia to build functional computers to solve problems that would take classical computers thousands of years.

    (Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)

    Key Takeaways

    • •Pekka Lundmark joins QMill's board as an investor and member.
    • •Lundmark is credited with turning around Nokia.
    • •QMill focuses on quantum algorithms and computing.
    • •Antti Vasara also joins QMill as board chair.
    • •Quantum computing is a rapidly growing tech sector.

    Frequently Asked Questions about Former Nokia CEO joining Finnish quantum company's board

    1Who is joining QMill's board?

    Former Nokia CEO Pekka Lundmark will join Finnish quantum computing company QMill as an investor and a board member.

    2What is QMill focused on?

    QMill is a quantum-algorithm company that started operations last year and has raised seed funding from various investors.

    3Who else is joining QMill's board?

    Antti Vasara, former head of VTT Technical Research Centre of Finland and a former Nokia executive, will also join QMill as chair of the board.

    4What is the significance of quantum computing?

    Quantum computing is emerging as a promising sector where many startups are collaborating with tech companies like Microsoft and Nvidia to develop functional computers.

    5When did Pekka Lundmark leave Nokia?

    Pekka Lundmark stepped down from his position as CEO of Nokia earlier this year after being appointed in 2020.

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