Tanuj Patro joins HMD Global as CFO, marking a return to the company

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In his role as CFO, Patro will oversee the company’s financial operations for India & Asia-Pacific (APAC) markets. He will work closely with the leadership team to drive financial performance and operational efficiency. His responsibilities will also extend to supporting HMD Global’s mission of connecting people through advanced mobile technology.

Ravi Kunwar, Vice President- India & APAC, HMD Global, expressed his excitement about Patro’s appointment. He noted that Patro’s deep financial expertise and strategic mindset align seamlessly with the company’s vision for growth. He added that HMD Global’s recent move into launching its own line of mobile devices would greatly benefit from Patro’s financial acumen. This would ensure efficient operations and a commitment to a greener, sustainable future.

Patro’s career in finance spans over two decades. He has worked with industry giants such as Microsoft (NASDAQ:MSFT), Nokia, LG, and consulting firm E&Y. His career journey has been defined by his adeptness in both large corporate landscapes and fast-paced startup environments.

It’s worth noting that Nokia, as reported by InvestingPro, holds more cash than debt on its balance sheet and has been consistently increasing earnings per share. The company is also seen as a prominent player in the Communications Equipment industry with a market cap of $20.5 billion. The company’s P/E ratio stands at 4.71, indicating that it is trading at a low earnings multiple, as per InvestingPro data. InvestingPro Tips also indicate that the stock generally trades with low price volatility.

Patro is returning to HMD Global after having served as the Commercial Controller from March 2017 to June 2018. During this period, he led the company’s commercial/business finance team for India operations. This experience could prove beneficial considering Nokia’s expected net income drop this year, as highlighted in InvestingPro Tips.

Upon his appointment, Patro expressed his honor and excitement to step into the role of CFO at HMD Global. He committed himself to fostering an environment of collaboration and inclusivity where diverse perspectives drive financial strategies to new heights.

This appointment comes at a time when Nokia is trading near its 52-week low, with a previous close price of $3.7, according to InvestingPro data. Despite this, analysts predict the company will be profitable this year, which could be a testament to Patro’s upcoming role in steering the company’s financial health. Those interested in more insights like these can find them in the InvestingPro product, which includes numerous additional tips.

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