Authors: Mike Butcher
Friday, 10 September 2010 15:43
The Mobile Mountain Awaiting Nokia’s New CEO
Nokia is replacing Chief Executive Olli-Pekka Kallasvuo, who proved unable to address the phone-maker's loss of the smartphone crown in the last few years, with Stephen Elop, formerly of Microsoft Corp. Nokia has two main issues to address: a steep loss in earnings and a market share in leading edge mobiles that is being assaulted by iPhone/Android/RIM. Its share price is consequently taking a beating.
"My role as leader of Nokia is to lead this team through the period of change, take the
organization through this period of disruption...to meet the needs of its customers, while delivering superior financial performance," Mr. Elop said at a news conference in Helsinki, reports the WSJ.
Mr. Elop was formerly the head of Microsoft's business division. He starts on September 21, at a tricky time - Nokia World (the firm's annual talkfest London) is only next week so he will be unable to make a Steve-jobs-like entrance onto the stage and set a new tone for the organization.
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