Feeds

Nokia names Ollila's successor

Will occupy CEO's big chair in June 2006

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Nokia has reshuffled its senior management, though the effects will not really be felt for ten months.

CEO Jorma Ollila, who has been running Nokia since 1992, will become the company's non-executive Chairman. His place will be taken by the current head of the Nokia's mobile phones business, Olli-Pekka Kalasvuo.

However, he's not going to get to sit at the CEO's desk until 1 June 2006. In the meantime - well, from 1 October 2005 - he will be Nokia's President and COO. He will retain the President title after he truly succeeds Ollila.

Nokia's current President, Pekka Ala-Pietila, has resigned to pursue "personal interests". On 1 October, he will become Executive Advisor before formally leaving the company on 1 February 2006.

Kallasvuo joined Nokia in 1980, becoming CFO in 1994 before taking over the mobile phone division in 2004. Nokia did not say who will be replacing him as head of the handset unit.

Last month, Nokia posted Q2 net income of €799 ($969m) - 18 cents a share - on sales of €8.1bn ($9.8bn). Income and revenue were up 15 per cent and 24.6 per cent, respectively, on the year-ago quarter. ®

Related stories

Low-end phone demand drives Q2 handset sales leap
Nokia, Symbian boom as smart phone sales rocket
Nokia Q2 sales, income jump
Nokia 'not interested' in buying RIM

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?