Chutes & Ladders: Nokia names next CEO

Nokia today named the successor to CEO Jorma Ollila, who is expected to step down next June. Olli-Pekka Kallasvuo, the head of Nokia's Mobile Phones business unit, will replace Ollila as CEO on June 1, 2006. He will also take over as president and COO in October of this year. Nokia said Ollila will remain as non-executive chairman after Kallasvuo takes over as CEO. Ollila originally planned to leave his role as CEO as early as 2001, but decided to stay on after the board requested it.

The news has received mixed reaction. Many analysts see the move as a sign of stagnation in Nokia. While the company remained the world's handset market leader, it has been losing market share to rivals Motorola and Samsung. Nokia has also lost its place as the industry innovator for cell phone design.

For more on Nokia's new CEO:
- read this article from AP

Sponsored by ADI

What if we were never truly alone? Our next-gen communications technology can help people in even the most remote places stay connected.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

AT&T has shifted its Cricket prepaid brand to a 100% authorized retailer model, according to Wave7 Research.

The FCC decided to extend the timeline for responding to Huawei's application for review until December 11.

All operators are trying to understand the intersection between their networks and hyperscale networks. But who gets the lion's share of the revenue?