Rajeev Suri has been named CEO of Nokia, and has been charged with taking helm of the Finnish phone maker's turnaround. He has said that Nokia is now in a position to make small acquisitions with its pocket money from the sale of its handset business to Microsoft.
Background:
New Era Dawns at Nokia as Company Appoints CEO [Wall Street Journal]
Manipal Institute of Technology on high after Rajeev Suri appointed head of Nokia [Business Standard]