Saturday, 10 December 2016

Olli-Pekka sidelined as Nokia hires new CEO

By Nick Wood, Total Telecom
Friday 10 September 10

Handset giant turns to Microsoft's Stephen Elop to spark smartphone, North America revival; chairman Jorma Ollila's tenure to end soon.

Nokia announced on Friday that CEO Olli-Pekka Kallasvuo will step down on 20 September to be replaced by the head of Microsoft's Business Division Stephen Elop, as the world's biggest handset maker looks to revive its smartphone portfolio and address its weak position in North America. "The board felt that now is the right time to accelerate the company's renewal, to bring in some new executive leadership with slightly different skills and strengths," said Jorma Ollila, chairman of Nokia's board, during a press conference in Helsinki. He explained that Elop's software background and record in change management will help revive Nokia…

Nokia announced on Friday that CEO Olli-Pekka Kallasvuo will step down on 20 September to be replaced by the head of Microsoft's Business Division Stephen Elop, as the world's biggest handset maker looks to revive its smartphone portfolio and address its weak position in North America. "The board felt that now is the right time to accelerate the company's renewal, to bring in some new executive leadership with slightly different skills and strengths," said Jorma Ollila, chairman of Nokia's board, during a press conference in Helsinki. He explained that Elop's software background and record in change management will help revive Nokia…

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