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.
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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.
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
second link added
just missed it