Former Microsoft Exec to Take Over as Nokia CEO

Nokia logoNokia has announced that Olli-Pekka Kallasvuo is out as CEO and that he has been replaced with a top executive from Microsoft. That executive is Stephen Elop who was formerly part of Microsoft's Business Division. Elop will take over as CEO of Nokia on September 21.

Microsoft CEO Steve Ballmer sent an email to Microsoft workers notifying them of the change and stating that, "Stephen leaves in place a strong business and technical leadership team, including Chris Capossela, Kurt DelBene, Amy Hood and Kirill Tatarinov, all of whom will report to me for the interim." Ballmer also pointed out that the Business Division has continued to grow with a 15% growth rate in the previous quarter.

Стефан Элоп

Stephen Elop

The Associated Press reports that news of Kallasvuo's replacement has sent stock in Nokia up 5% in Helsinki. Elop was also a top executive at other notable tech firms like Juniper Networks, Adobe Systems, and Macromedia.

Nokia board chairman Jorma Ollila said in a statement, "The time is right to accelerate the company's renewal — to bring in new executive leadership with different skills and strengths in order to drive company success."

Kallasvuo will also give up his seat on the board at Nokia immediately and will be replaced there by Elop. Kallasvuo has been with Nokia since 1982 and he will continue to chair the board of the Nokia Siemens Networks unit as a non-executive.

Nokia holds the majority of the handset sales globally with 33% of the market, but the company has a history of missing trends that have kept it from competing in high-end smartphone markets where profits are higher.

The departure of Kallasvuo is no surprise; Nokia has been actively looking for a new CEO since July. Perhaps the biggest factor contributing to the ouster of Kallasvuo was the fact that he has been unable to grow business in North America, Nokia's poorest performing market. When Kallasvuo took over as CEO in 2006 he vowed to make North America a priority.

Source: DailyTech

Tags: Microsoft, Nokia

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments