Nokia chairman expected to stay on until 2012

Sep 14, 2010

(AP) -- Nokia Corp. says board chairman Jorma Ollila has signaled readiness to stay on at the helm of the world's leading handset maker until 2012.

Nokia spokeswoman Arja Suominen said Tuesday that Ollila has said he would be "at the disposal of the company" until the annual general meeting of the company in spring 2012.

Last week, announced that Olli-Pekka Kallasvuo will be replaced by Stephen Elop, who heads Microsoft's business division, as president and chief executive Sept. 21.

The move came after Nokia stock fell more than 20 percent this year, aided by two profit warnings, and Kallasvuo had come under increasing pressure with speculation that he will be replaced.

Explore further: Disney merges consumer product, interactive divisions

0 shares

Related Stories

Nokia dumps CEO, turns to Microsoft exec

Sep 10, 2010

(AP) -- Nokia Corp. is replacing CEO Olli-Pekka Kallasvuo with top Microsoft executive Stephen Elop as the world's top handset maker aims to regain lost ground in the fiercely competitive smartphone market.

Nokia shakes up management to tackle rivals

May 11, 2010

(AP) -- Nokia Corp. will reshuffle its management in mobile devices to tackle growing competition from rivals in smart phones and high-end mobile computers, the company said Tuesday.

Nokia plans new devices to catch up with rivals

May 06, 2010

(AP) -- Nokia Corp. will launch new smart phones to "help close the gap" with competitors that have overtaken the world's top cell phone maker in the market for high-end devices, its chief executive said Thursday.

Nokia Q2 profit falls 40 pct to $290 million

Jul 22, 2010

(AP) -- Nokia Corp. said Thursday that second-quarter net profit fell 40 percent to euro227 million ($290 million) as the world's largest mobile phone maker lost market share and sales remained flat. Analysts, however, noted ...

Recommended for you

Disney merges consumer product, interactive divisions

9 hours ago

Disney is merging its consumer product and interactive divisions, a move that acknowledges the shared goals of important product lines like the Disney Infinity video game franchise and the upcoming line of wearable toys called ...

Justices won't hear Google appeal in dispute with Oracle

15 hours ago

The Supreme Court is staying out of a long-running legal battle between technology giants Oracle and Google over copyright protection for a computer program that powers most of the world's smartphones and computer tablets.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.