Feeds

Knives out for Nokia boss

Suomi wrestling

Website security in corporate America

Nokia is seeking a new boss and for the first time he won't be a Finnish national, according to a report in the Wall Street Journal.

The paper claims that a decision to replace CEO Olli-Pekka Kallasvuo will be made by the end of the month. The nature of the sources suggests the board, under pressure from investors, has already made up its mind, and hopes the CEO will voluntary shuffle through the Ovi marked 'Exit'.

Nokia's share price has fallen by 42 per cent in just three months, and the company warned its financial results due this week would be lower than expectations.

Kallasvuo was appointed in 2006, and is only the fifth CEO in 43 years, since the modern Nokia was founded by merger in 1967. He had the misfortune to follow the phenomenally successful 14-year tenure of Jorma Ollila.

Although Nokia was already primed to take advantage of the deregulated telco market when Ollila took over - having been involved in radio products for 40 years and helping develop the GSM spec - Ollilla focused Nokia on mobile, selling off everything that wasn't mobile-related, including PCs, TVs, IT data processing and the historical cable business, which dates back to 1865. He also ensured the company executed to perfection.

Apple and Nokia share prices since March 2010

That can't be said for Kallasvuo. Nokia's competitiveness has eroded both in its traditional high-margin phones market - Apple and RIM take the lion's share of the smartphone profits - but also now in feature phones, too. Samsung overtook Nokia in European sales of feature phones for the first time in Q1 (up 18 per cent while Nokia was down 18 per cent), and is now only 3.5 per cent behind Nokia's European market share of 32.8 per cent for all phones. Under Kallasvuo, Nokia continued its retreat in the US market, where it now scrapes up just 8.1 per cent of the phone market.

Kallasvuo reorganised the company in 2007, and again late last year - but that plan was torn up this spring as the extent of Nokia's problems finally became apparent.

Bloomberg notes that Nokia outspends Apple six to one in R&D investment, but has little to show for it in terms of competitive products - there's almost nothing for Kallasvuo or his successor to fight back with. And who may that be?

Internet Security Threat Report 2014

Next page: Who'll run Nokia?

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
ISPs' post-net-neutrality world is built on 'bribes' says Tim Berners-Lee
Father of the worldwide web is extremely peeved over pay-per-packet-type plans
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Turnbull: NBN won't turn your town into Silicon Valley
'People have been brainwashed to believe that their world will be changed forever if they get FTTP'
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.