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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.

Reuters »
Business Week »

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Comments

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This forum is closed.

viper

Aug 2, 2005, 10:37 AM

Regime Change?

Now was Jorma really that bad? I don't think so. The new ceo is going to face an onslaught of asia (korean/chinese) phone makers, VC funded start ups, and possibly PC makers.

Nokia has made is money by offering low cost, attractive phones, with a nice gui and decent software. The new competitors will not be inept as ericsson, siemens, motorola, alcatel and other were for a long time. Operators also appear to be open to working with a wider number of phone vendors than in the past.

Its is going to be a challenging road for Nokia but i think they'll do okay.

muchdrama

viper said:
Now was Jorma really that bad? I don't think so. The new ceo is going to face an onslaught of asia (korean/chinese) phone makers, VC funded start ups, and possibly PC makers.

Nokia has made is money by offering low c

...
(continues)

eric Lin

Aug 2, 2005, 12:24 PM

second link added

i just added a "more info" link for an article business week published this morning. it gives an excellent overview of where nokia is at now and the challenges they face in the next few years.

Shoota

Aug 1, 2005, 5:30 PM

just missed it

ahh damn .. i didn't know there was an opening for CEO.. i would of put my application in for it! 😡

flickbrowndakid

I think i would have been the most qualified candidate myself. It seems like every executive at Nokia has a similar name Like Ollia or Pekka and stuff like that. Too bad they didnt tell me either. 😉

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