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Nokia ousts CEO for Microsoft Exec Elop

News by Todd Haselton on Friday September 10, 2010.

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Nokia has announced that it is removing Olli-Pekka Kallasvuo as its chief executive officer, and is replacing him with Microsoft's Stephen Elop as of September 21, according to paidContent.

Elop is currently serving as the president of Microsoft's business division, and has held senior positions at Juniper Networks, Adobe, and Macromedia.

"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," said Jorma Ollila, Chairman of the Nokia Board of Directors. Olli-Pekka Kallasvuo has worked at Nokia for thirty years.

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Todd Haselton
Todd is a senior editor at MobileBurn and works out of his home in New York City. He covers news for us and also writes reviews. You can follow him on Twitter at @RoboTodd

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