Regime Change For Nokia
Aug 1, 2005, 11:51 AM by (staff)
Nokia today announced that both President Pekka Ala Pietila and CEO Jorma Ollila will step down in the first half next year. Ollila has led Nokia since 1992 and oversaw the company becoming the mobile phone giant it is today. Although Nokia still leads manufacturers in market share, analysts have recently been disappointed by the company's financial performance as much of Nokia's sales shifts to developing markets. The "new blood" who will lead Nokia as they face the challenges of the next mobile generation is mobile phone division leader Olli Pekka Kallasvuo. Kallasvuo has been with Nokia 25 years and is only 2 years younger than Ollila, bringing into question just how revolutionary his new leadership will be, however analysts sound confident about the choice.
more info at Reuters »
more info at Business Week »
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| Subject | Author | Date |
| Regime Change? | viper |
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| second link added | eric Lin |
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| just missed it | Shoota |
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