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Nokia CEO Stephen Elop stepping down ahead of transition to Microsoft
Microsoft's acquisition of Nokia's Devices & Services business has more implications for Nokia than you might suspect at first glance. In the wake of the deal, Nokia CEO Stephen Elop is stepping down to become the Executive VP of Devices & Services, and should join Microsoft once the acquisition closes. The shift in rank is intended to minimize any perceived conflict of interest, Nokia says. Chairman of the Board Risto Siilasmaa will assume an interim CEO position while the company looks for a permanent replacement for Elop. Meanwhile, key executives Jo Harlow, Chris Weber, Juha Putkiranta and Timo Toikkanen are also expected to follow Elop to Microsoft; Executive VP of Design Marko Ahtisaari plans to step down on November 1st, and will leave the company on November 30th to once more become an entrepreneur. All told, Microsoft is getting several of the cellphone industry's better-known executives in one shot.
Filed under: Cellphones, Mobile, Nokia
Source: Nokia
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