Nokia plans to appoint former networks head Sari Baldauf as chairman

(Reuters) - Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.The chairman is the top executive role at Nokia, which in October cut its outlook for this year and next because of the need to step up its investments in 5G - news that knocked a third off its share price.It also suspended dividend payments to conserve cash and pledged to speed up..