08:14 AM EDT, 09/17/2025 (MT Newswires) -- Nokia (NOK) said Wednesday that it has created two organizations, effective Oct. 1, to support technological innovation and business development.

The Technology and AI organization will integrate Nokia Bell labs, technology and AI leadership, and group security, while the Corporate Development organization will integrate corporate development, strategic partnerships, mergers and acquisitions, incubation activities and NGP Capital.

The company also said it appointed Pallavi Mahajan as chief technology and AI officer and Konstanty Owczarek as chief corporate development officer, also effective Oct. 1.

Mahajan was previously corporate vice president and general manager of data center and artificial intelligence software at Intel (INTC) while Owczarek has previously held executive positions at Hewlett Packard Enterprise's (HPE) high performance compute, AI & labs business.

Meanwhile Nishant Batra will step down as chief strategy and technology officer, effective Sept. 30.