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: David Goldberg, tech exec married to 'Lean In' author, dies

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

Google embeds engineers as professors

13 hours ago

Howard University freshman Alanna Walton knew something was different about the professor teaching her introduction to computer science course.

Uber office raided in southern China: report

May 01, 2015

Taxi app Uber's office in the southern city of Guangzhou has been raided by authorities, a report said Friday, in an apparent crackdown on the Internet ride-sharing service.

Prime minister wants Japan to learn from Silicon Valley

May 01, 2015

Japan Prime Minister Shinzo Abe gave California's governor a hint of what it would be like inside a Japanese-made bullet train Thursday, displaying a train simulator for Gov. Jerry Brown during a meeting ...

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.