New CEO For Nokia
Nokia announced Friday that it has named Stephen Elop, a veteran of Microsoft, as its new president and CEO. Elop replaces Olli-Pekka Kallasvuo, who will leave Sept. 20 with Elop taking over the following day at the Finnish mobile giant.
Elop was head of Microsoft's business division, where he oversaw Microsoft Office.
"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," Jorma Ollila, chairman of Nokia's board, said as part of the announcement. "The Nokia Board believes that Stephen has the right industry experience and leadership skills to realize the full potential of Nokia.