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: Ex-Apple chief plans mobile phone for India

not rated yet
add to favorites email to friend print save as pdf

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

Ex-Apple chief plans mobile phone for India

10 hours ago

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

23 hours ago

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

US venture investments highest since 2001 (Update)

Apr 18, 2014

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

User comments : 0

More news stories

Ex-Apple chief plans mobile phone for India

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

A homemade solar lamp for developing countries

(Phys.org) —The solar lamp developed by the start-up LEDsafari is a more effective, safer, and less expensive form of illumination than the traditional oil lamp currently used by more than one billion people ...

NASA's space station Robonaut finally getting legs

Robonaut, the first out-of-this-world humanoid, is finally getting its space legs. For three years, Robonaut has had to manage from the waist up. This new pair of legs means the experimental robot—now stuck ...

Filipino tests negative for Middle East virus

A Filipino nurse who tested positive for the Middle East virus has been found free of infection in a subsequent examination after he returned home, Philippine health officials said Saturday.

Egypt archaeologists find ancient writer's tomb

Egypt's minister of antiquities says a team of Spanish archaeologists has discovered two tombs in the southern part of the country, one of them belonging to a writer and containing a trove of artifacts including reed pens ...