Nokia Chairman of the Board Ollila Departing Next Year

By

Anyone who has been watching Finnish mobile phone company Nokia's decisions and performance in the last few years can be excused for shaking his or her head with bewilderment. A new development – company board chairman Jorma Ollila today said he will leave his post by 2012 – may lead you to wonder if the company isn't merely rearranging the deck chairs on the Titanic. Along with his announcement, Ollila said he would not “throw in the towel” at the Nokia before then.

“As originally planned, the nominations committee of the Board of Directors has started searching for a new chairman with the view that at the 2012 Annual General Meeting I would no longer stand for re-election,” Ollila told Nokia's annual general meeting in Helsinki, according to a script of his statement provided by Nokia.

Ollila, who has been a Nokia executive since 1986, stepped down as CEO in 2006 but remained chairman of the board of directors. When he announced last September that former Microsoft executive Stephen Elop was replacing Olli-Pekka Kallasvuo as CEO, Ollila said he would stay on to help with the transition but estimated that he would exit sometime around 2012, reports AFP news.

At Tuesday's meeting, he said that for the time he has left, he was “committed” to helping Nokia, which has seen its market share eaten away by competitors in recent years.

“The past year has been extremely heavy, and I believe the current year will also be a demanding one,” he said.

In February of this year, Nokia announced a new partnership with Microsoft which will mean most future Nokia smart phones will be powered by the Windows Phone 7 operating system rather than Nokia's proprietary Symbian OS or Nokia's MeeGo Linux-based open source mobile operating system. Some low-end handsets will continue to use Symbian.




Tracey Schelmetic is a contributing editor for TechZone360. To read more of Tracey's articles, please visit her columnist page.

Edited by Jennifer Russell

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Wipro and Celonis Jointly Unveil Supply Chain Solution

By: Luke Bellos    12/8/2021

Wipro Limited and Celonis recently unveiled a new solution called Supply Chain Command Center, offering business customers the ability to instantly im…

Read More

2022 Technology Predictions from Veeam

By: Special Guest    12/6/2021

In 2021, global M&A activity reached new highs aided by low interest rates and high stock prices. In 2022, we will see that momentum shift. Larger acq…

Read More

9 Working Ways to Increase the Security of Your Apartment

By: Contributing Writer    12/2/2021

Many people are concerned about the question of how you can protect your apartment from theft. After all, you want to be calm and confident in the saf…

Read More

Jack Dorsey Says Farewell to Twitter, But Why?

By: Luke Bellos    11/30/2021

Twitter founder and CEO Jack Dorsey shocked the social media world by announcing he has stepped down from his leadership role.

Read More

Benefits of the Internet of Things (IoT) for Business

By: Contributing Writer    11/30/2021

The use of the Internet of Things (IoT) in businesses allows for the recording and transferring of data to track key processes, offer new insights, in…

Read More