Elop commented on his new Nokia position:
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 as President and CEO of Nokia on September 20, 2010 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.
Kallasvuo has been the target of criticism from investors for quite some time now. The markets have been displeased with Nokia's ability to compete with Apple's iPhone and, more recently, Android based smart-phones. It remains to be seen whether the change in leadership along with new phone models, such as the Nokia N8 will restore faith in the company.
Written by: Jari Ketola @ 10 Sep 2010 2:16
