Nokia has appointed former Microsoft chief Stephen Elop as CEO. He will take on the role on September 21, replacing Nokia’s current top man Olli-Pekka Kallasvuo.
Elop currently heads up Microsoft's business division. Before joining Microsoft, he held senior executive positions in a number of US based public companies, including Juniper Networks, Adobe Systems and Macromedia.
Jorma Ollila, chairman of the Nokia board of directors, said: ‘The time is right to accelerate the company's renewal; to bring in new executive leadership with different skills and strengths in order to drive company success. The Nokia Board believes that Stephen has the right industry experience and leadership skills to realize the full potential of Nokia.
'His strong software background and proven record in change management will be valuable assets as we press harder to complete the transformation of the company. We believe that Stephen will be able to drive both innovation and efficient execution of the company strategy in order to deliver increased value to our shareholders.’
Elop said: ‘I am extremely excited to become part of a team dedicated to strengthening Nokia's position as the undisputed leader of the mobile communications industry, with a relentless focus on meeting the needs and expectations of customers.
'Nokia has a unique global position as well as a great brand upon which we can build. The company has deeply talented and dedicated people, and I am confident that together we can continue to deliver innovative products that meet the needs of consumers. The Nokia slogan clearly states our key mission: Connecting People, which will acquire new dimensions as we build our portfolio of products, solutions and services.’
Olli-Pekka Kallasvuo will leave his current position on 20 September and his position on the Nokia board of directors with immediate effect. He will continue to chair the board of Nokia Siemens Networks in a non-executive capacity.
‘The whole board of directors joins me in thanking Olli-Pekka for his thirty years at Nokia, during which he has been deeply involved in developing the company and its operations. His dedication and contribution throughout the years has been exceptional. The Board wishes him every success in his future pursuits,’ Ollila added.