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Nokia names new CEO

Nokia names new CEO


Mobile phone handset giant Nokia has named Olli-Pekka Kallasvuo as its president and COO, eventually becoming president and CEO in June 2006.

Kallasvuo's appointment as president and chief operating officer takes effective from October 2005.

Jorma Ollila continues as Chairman and CEO until June 1, 2006, and it is proposed he continue as non-executive chairman from that date, the company said.


Nokia's current President, Pekka Ala-Pietila, will resign to pursue personal interests. He will take on the role of Executive Advisor as of October 1 and leave Nokia on February 1, 2006.

The vice chairman of the Nokia Board, Paul Collins, said: "The Nokia Board has had in place a succession process in anticipation of Jorma Ollila's retirement with the objective of maintaining vitality, adapting to a rapidly evolving industry, and ensuring continuity.

"The Board is convinced that Olli-Pekka Kallasvuo, with his strong industry credentials and over 20 years of experience at Nokia, will provide the required leadership for the Company in the future."

Kallasvuo joined Nokia in 1980 and currently heads the mobile phones business group.

Prior to this he worked as the company's chief financial officer.
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