Nokia CEO Jorma Ollila to step down in 2006

Nokia CEO Jorma Ollila has announced that he will step down on June 1, 2006. He will be succeeded by Olli-Pekka Kallasvuo, a 25-year Nokia veteran who most recently ran the mobile phone division. Many analysts have approved of the move, saying Nokia needs to refocus its mobile phone efforts. Article | Analysis

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